Accounting

Inventories

Inventories are assets: held for sale in the ordinary course of business; in the process of production for such sale; or in the form of materials or supplies to be consumed in the production process or in the rendering of services. Inventories encompass goods purchased and held for resale, including, for example, merchandise purchased by […]

Material

Material concept According to the International Accounting Standards, omissions or misstatements of items are material if they could, individually or collectively, influence the economic decisions of users taken on the basis of the financial statements. Materiality depends on the size and nature of the omission or misstatement judged in the surrounding circumstances. The size or […]

Significant influence

According to the International Accounting Standards, significant influence is the power to participate in the financial and operating policy decisions of the investee but is not control or joint control over those policies. If an investor holds, directly or indirectly (e.g. through subsidiaries), 20 per cent or more of the voting power of the investee, it […]

Tax base

The tax base of an asset or liability is the amount attributed to that asset or liability for tax purposes. The tax base of an asset is the amount that will be deductible for tax purposes against any taxable economic benefits that will flow to an entity when it recovers the carrying amount of the […]

A Knoow é uma enciclopédia colaborativa e em permamente adaptação e melhoria. Se detetou alguma falha em algum dos nossos verbetes, pedimos que nos informe para o mail geral@knoow.net para que possamos verificar. Ajude-nos a melhorar.