Examlex
The valuation of available-for-sale securities is similar to the procedures followed for trading securities except that changes in fair value are not recognized in current income.
Unrecognized Net Gain Or Loss
Refers to gains or losses that have been incurred but are not reported in the financial statements because they are unrealized.
Vested Benefits
Employee benefits, such as pension plans or stock options, that one has earned the right to receive and cannot be forfeited.
Accrual Concept
An accounting methodology that records revenues and expenses when they are incurred, regardless of cash flow.
Intangible Asset
An asset that lacks physical substance and represents potential future benefits; examples include patents, trademarks, and goodwill.
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