Examlex
Find the exact value of the expression.
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Principles-based Approach
A method of regulation that emphasizes the spirit of the laws and principles behind them, rather than rigid adherence to specific rules.
Lease Capitalization
The process of recording a lease as an asset and a corresponding liability on the lessee's balance sheet, particularly for long-term leases.
IFRS
International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that is used globally to prepare public company financial statements.
GAAP
Generally Accepted Accounting Principles; a framework of accounting standards, principles, and procedures.
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