According to the International Accounting Standards, an asset shall be classified as current when it satisfies any of the following criteria: (a) it is expected to be realised in, or is intended for sale or consumption in, the entity’s normal operating cycle; (b) it is held primarily for the purpose of being traded; (c) it […]

Current Assets Concept: Current Assets (sometimes also designated as exploitation assets or even running assets) are all companies’ assets…

Decision Tree Concept: A decision tree is an instrument of support to the decision taking that consists on a graphic…

According to international accounting standards, deferred tax assets are the amounts of income taxes recoverable in future periods in respect of: (a) deductible temporary differences; (b) the carryforward of unused tax losses; and (c) the carryforward of unused tax credits.

Delegation Concept: Delegation represents the transfer of a certain authority level of a superior to a subordinate or a group of…

Delphi Method Concept: Delphi method is a group decision taking method that is characterized by the fact that each group…

Demand Concept: In its broadest sense and the economic science scope, the term demand designates an intention to obtain in the market…

Departmentalization Concept: Departmentalization is a process which consists in grouping departments, duties, or similar activities and logically related of a certain (…)

Definition of a derivative A derivative is a financial instrument or other contract within the scope of the IAS 39 with all three of the following characteristics: its value changes in response to the change in a specified interest rate, financial instrument price, commodity price, foreign exchange rate, index of prices or rates, credit rating […]

Concept of Differentiation: Differentiation corresponds to one of the generic strategies described by Michael E. Porter…