Accountancy

Accountancy

Industry: Financial services

Add a new term

Contributors in Accountancy

Become a Contributors

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 ...