Examlex
While a mature gorilla may appear to display practically every anatomical feature in common with humans,we all have one proportionately larger feature,the:
Loss Contingency
A potential financial loss that might occur in the future due to a past event or condition, whose resolution is uncertain.
Provision for Loss
An amount set aside in the accounting records to cover anticipated losses or liabilities.
U.S. GAAP
United States Generally Accepted Accounting Principles, a set of accounting standards for preparing financial statements that companies in the U.S. are required to follow.
IASB
The International Accounting Standards Board (IASB) is responsible for developing and promoting the use of International Financial Reporting Standards (IFRS).
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