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What is the relationship between desired outcomes and empirical indicators?
Contra Account
An account used in the general ledger to reduce the value of a related account when the two are netted together.
IFRS
The International Financial Reporting Standards (IFRS) are a set of accounting standards developed by the International Accounting Standards Board (IASB) that guide the preparation of financial statements globally.
U.S.GAAP
United States Generally Accepted Accounting Principles; a set of accounting standards used in the U.S. for financial reporting.
Comprehensive Income
The total change in equity for a reporting period other than from transactions with owners, including all unrealized gains and losses.
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