Examlex
Write the number in decimal notation.
IASB
International Accounting Standards Board, the organization responsible for developing and publishing international financial reporting standards.
Right-Of-Use Asset
Right-of-use asset is a balance sheet item that represents a lessee’s right to use an asset over the lease term under the new accounting standards.
Performance Obligation Approach
An accounting method that recognizes revenue when a company satisfies a performance obligation by transferring a promised good or service to a customer.
Capital Leases
Leases that are treated like asset purchases for accounting purposes because they transfer substantially all risks and rewards of ownership.
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