Examlex
What is the meaning of the expression?
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IFRS
IFRS stands for International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that is globally recognized for preparing financial statements.
GAAP
Widely recognized accounting norms and criteria in the U.S. that guide financial statements.
Property, Plant, Equipment
Long-term tangible assets used in the operation of a business and not expected to be converted to cash in the short term.
Accumulated Depreciation
Accumulated depreciation is the total amount of depreciation expense that has been recorded against a company's assets over time.
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