Accountancy

Accountancy

Industry: Financial services

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Accountancy

Finance lease

Financial services; Accountancy

A lease that transfers substantially all the risks and rewards incidental to ownership of an asset. Title may or may not eventually be transferred.

A contract that requires the issuer to make specified payments to reimburse the holder for a loss it incurs because a specified debtor fails to make payment when due in accordance with the original ...

Financial asset

Financial services; Accountancy

Any asset that is: (a) cash; (b) an equity instrument of another entity; (c) a contractual right: (i) to receive cash or another financial asset from another entity; or (ii) to exchange financial ...

Financial instrument

Financial services; Accountancy

Any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.

Financial liability

Financial services; Accountancy

Any liability that is: (a) a contractual obligation: (i) to deliver cash or another financial asset to another entity; or (ii) to exchange financial assets or financial liabilities with another ...

Financial position

Financial services; Accountancy

The relationship of the assets, liabilities and equity of an entity, as reported in the balance sheet [statement of financial position].

Financial risk

Financial services; Accountancy

The risk of a possible future change in one or more of a specified interest rate, financial instrument price, commodity price, foreign exchange rate, index of prices or rates, credit rating or credit ...