This definition is based on the accounting equation, which states that assets = liabilities + equity. Net assets are therefore the portion of assets that is owned by the equity holders of the entity. There are
BC23. Update 2019-06 included not-for-profit entities that are conduit bond obligors or that otherwise meet the definition of a public entity in the scope expansion. Those entities were included because despite the fact that they file publicly available data, the needs of their users are align...
Fixed GAAP Terms (a) the definitions of the terms “Capitalized Lease Obligation,”“Consolidated Depreciation and Amortization Expense,”“Consolidated Interest Expense,”“Consolidated Net Income,”“Consolidated Tangible Assets,”“Consolidated Working Capital,”“EBITDA,”“ECF CNI,”“Excess Cash Flow...
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asset, (a) any mortgage,deed of trust, lien, pledge, encumbrance, charge orsecurity interestin or on such asset, (b)the interestof a vendor or a lessor under any conditionalsale agreement,capital leaseor titleretention agreementrelating tosuch asset and (c)in the caseof securities, any...
The evolving definition of street earnings creates several challenges for researchers who study the association between financial reporting and capital markets. Lambert (2004, p. 212) highlights the challenges associated with researchers using street earnings, stating “if the definition of earnings analyst...
Depreciation and capital expenditures.Costs of major asset acquisitions are accounted for over the entire life of the asset. For example, an item with a 10-year life is accounted for at 10% for 10 years. Reporting of historical costs.Some assets -- such as property, equipment and facilities...
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While there is no rule of thumb -- this is one of those accounting gray areas -- taking more than one of the same charge (or gain) and calling it non-recurring within any four quarters (the definition for current assets) might be sketchy. Any good analyst or investor needs to make th...
When comparing US GAAP and IFRS, differences in the definition of the word “probable” and the measurement techniques used can lead to differences in both the recognition and amount of Contingent Liabilities. IFRS has a lower threshold for recognition as its definition of probable is > 50%, wh...