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Briefly describe a Virtual Private Network (VPN)?
Prematurely Recognize
Recording revenue or expenses in financial statements before the criteria for such recognition are fully met.
IFRS
International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that is used internationally.
U.S.GAAP
United States Generally Accepted Accounting Principles, which is a framework of accounting standards, principles, and procedures used in the U.S.
Fair Value
An estimate of the market value of an asset or liability based on current market prices or valuations of similar transactions.
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