Accountancy

Accountancy

Industry: Financial services

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Accountancy

Cost pluscontract

Financial services; Accountancy

A construction contract in which the contractor is reimbursed for allowable or otherwise defined costs, plus a percentage of these costs or a fixed fee.

Cost of purchase

Financial services; Accountancy

All of the purchase price, import duties and other taxes (other than those subsequently recoverable by the entity from the taxing authorities), and transport, handling and other costs directly ...

Costs of conversion

Financial services; Accountancy

Costs directly related to the units of production, such as direct labour together with a systematic allocation of fixed and variable production overheads that are incurred in converting materials ...

Costs of disposal

Financial services; Accountancy

Incremental costs directly attributable to the disposal of an asset, excluding finance costs and income tax expense.

Usually, an obligation of the acquirer to transfer additional assets or equity interests to the former owners of an acquiree as part of the exchange for control of the acquiree if specified future ...

Contingent asset

Financial services; Accountancy

A possible asset that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of ...

Contingent liability

Financial services; Accountancy

(a) A possible obligation that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the ...