[ P ]
Parent
o An entity that has one or more [...]
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[ O ] Operating activities o The principal revenue-producing activities of an entity and other activities [...] [ N ] Net realisable value o The estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated costs necessary to make the sale. o Net realisable value refers to the net amount that an entity expects to realise from the sale of inventory in the ordinary [...] [ M ] Matching of costs with revenues o [...] [ L ]
Liability
o A present obligation of the entity arising from past events,the settlement of [...] |  FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four,Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.Also author to another very popular free educational accounting cum finance blog:http://basiccollegeaccounting.com under the branding of College Accounting Coach. | |||||
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