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IFRS
International Financial Reporting Standards, which are designed to bring consistency to accounting language, practices, and statements on a global scale.
Expected Loss
An estimated amount a company anticipates losing due to credit risk or other potential business risks.
Lawsuit
A legal action taken by one person or entity against another person or entity, typically in a court of law, over a dispute.
Financial Statements
Structured reports detailing the financial performance, position, and cash flows of a business, serving as a primary source of financial information.
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