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IFRS
International Financial Reporting Standards, a set of accounting guidelines that dictate how financial statements should be reported around the world.
Realized and Unrealized Gains
Profits made from the sale of assets (realized gains) versus increases in the value of assets still held (unrealized gains).
Entity Approach
A method in accounting that treats a business as separate from its owners or stakeholders for reporting and evaluation purposes.
Consolidated Balance
A financial statement that presents the total assets, liabilities, and equity of a parent company and its subsidiaries as if they are a single entity.
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