[ I ]

Income

o Increases in economic benefits during the accounting period in the form of inflows or enhancements of assets or decreases of liabilities that result in increases in equity, other than those relating to contributions from equity participants.

Intangible asset

o An identifiable non-monetary asset without physical substance.

Interim financial report

o A financial report containing either a complete set of financial statements or a set of condensed financial statements for an interim period.

Interim period

o A financial reporting period shorter than a full financial year.

Inventories

o Assets:

a. held for sale in the ordinary course of business;

b. in the process of production for such sale; or

c. in the form of materials or supplies to be consumed in the production process or in the rendering of services.

o Inventories encompass goods purchased and held for resale including, for example, merchandise purchased by a retailer and held for resale, or land and other property held for resale. Inventories also encompass finished goods produced, or work in progress being produced, by the entity and include materials and supplies awaiting use in the production process. In the case of a service provider, inventories include the costs of the service for which the entity has not yet recognised the related revenue.

Investing activities

o The acquisition and disposal of long-term assets and other investments not included in cash equivalents.

Insolvency

o Inability to meet debts

Intangible assets

o an intangible asset is not physical, yet has long-term value to the business eg goodwill, patent, trademarks

Introduction

o a method of issuing shares onto the share exchange

Interest Rate Cap

o an option-like feature for which the buyer pays a fee or premium to obtain protection against a rise in a particular interest rate above a certain level.

Interest Rate Swap

o a transaction in which two counterparties exchange interest payment streams of differing character based on an underlying notional principal amount.

Intermediary(Swap Market)

o a counterparty who enters into a swap in order to earn fees or trading profits.

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