Accountancy

Accountancy

Industry: Financial services

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Accountancy

Tax base of an asset or liability

Financial services; Accountancy

The amount attributed to that asset or liability for tax purposes.

Transaction costs (financial instruments)

Financial services; Accountancy

Incremental costs that are directly attributable to the acquisition, issue or disposal of a financial asset or financial liability. An incremental cost is one that would not have been incurred if the ...

Unguaranteed residual value

Financial services; Accountancy

That portion of the residual value of the leased asset, the realisation of which by the lessor is not assured or is guaranteed solely by a party related to the lessor.

Lease

Financial services; Accountancy

An agreement whereby the lessor conveys to the lessee in return for a payment or series of payments the right to use an asset for an agreed period of time.

Liquidity risk

Financial services; Accountancy

The risk that an entity will encounter difficulty in meeting obligations associated with financial liabilities.

Losses

Financial services; Accountancy

Decreases in economic benefits and as such no different in nature from other expenses.

Revenue

Financial services; Accountancy

Is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. Some companies also receive revenue from interest, dividends or ...