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IFRS 9
An International Financial Reporting Standard that deals with the accounting for financial instruments, covering the classification, measurement, and recognition of financial assets and liabilities.
Accumulated Other Comprehensive Income
Represents the total of all unrealized gains and losses that are not included in net income but affect shareholders' equity.
Economic Situation
The state of the economy at a given time, influenced by factors such as GDP, unemployment rates, and inflation.
Profitability
A measure of the efficiency and financial performance of a business, indicating its ability to generate income relative to revenue, assets, or equity.
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