Accountancy

Accountancy

Industry: Financial services

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Accountancy

Curtailment (of a defined benefit plan)

Financial services; Accountancy

A curtailment occurs when an entity either: (a) is demonstrably committed to make a material reduction in the number of employees covered by a plan; or (b) amends the terms of a defined benefit plan ...

Current tax

Financial services; Accountancy

The amount of income taxes payable (recoverable) in respect of the taxable profit (tax loss) for a period.

Date of transition to IFRSs

Financial services; Accountancy

The beginning of the earliest period for which an entity presents full comparative information under IFRSs in its first IFRS financial statements.

Close members of the family of an individual

Financial services; Accountancy

Those family members who may be expected to influence, or be influenced by, that individual in their dealings with the entity. They may include: (a) the individual’s domestic partner and children; ...

Closing rate

Financial services; Accountancy

The spot exchange rate at the end of the reporting period.

Commencement of the lease term

Financial services; Accountancy

The date from which the lessee is entitled to exercise its right to use the leased asset. It is the date of initial recognition of the lease (ie the recognition of the assets, liabilities, income or ...