5 Terms
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Accountancy
Industry: Financial services
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Accountancy
Class of assets
Financial services; Accountancy
A grouping of assets of a similar nature and use in an entity’s operations.
Class of financial instruments
Financial services; Accountancy
Grouping of financial instruments that is appropriate to the nature of the information disclosed and that takes into account the characteristics of those financial instruments.
Deductible temporary differences
Financial services; Accountancy
Temporary differences between the carrying amount of an asset or liability in the balance sheet and its tax base that will result in amounts that are deductible in determining taxable profit (tax ...
Deemed cost
Financial services; Accountancy
An amount used as a surrogate for cost or depreciated cost at a given date. Subsequent depreciation or amortisation assumes that the entity had initially recognised the asset or liability at the ...
Deferred tax liabilities
Financial services; Accountancy
The amounts of income taxes payable in future periods in respect of taxable temporary differences.
Costs to sell
Financial services; Accountancy
The incremental costs directly attributable to the disposal of an asset (or disposal group), excluding finance costs and income tax expense.
Credit risk
Financial services; Accountancy
The risk that one party to a financial instrument will cause a financial loss for the other party by failing to discharge an obligation.
