Accountancy

Accountancy

Industry: Financial services

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Accountancy

Insured event

Financial services; Accountancy

An uncertain future event that is covered by an insurance contract and creates insurance risk.

Derecognition (of a financial instrument)

Financial services; Accountancy

The removal of a previously recognised financial asset or financial liability from an entity’s statement of financial position.

Depreciation (amortisation)*

Financial services; Accountancy

The systematic allocation of the depreciable amount of an asset over its useful life.

Derivative

Financial services; Accountancy

A financial instrument or other contract within the scope of (a) its value changes in response to the change in a specified interest rate, financial instrument price, commodity price, foreign ...

Derivative financial instruments

Financial services; Accountancy

Financial instruments such as financial options, futures and forwards, interest rate swaps and AG15–AG16 currency swaps, which create rights and obligations that have the effect of transferring ...

Defined benefit plans

Financial services; Accountancy

Post-employment benefit plans other than defined contribution plans.

Post-employment benefit plans under which an entity pays fixed contributions into a separate entity (a fund) and will have no legal or constructive obligation to pay further contributions if the fund ...