Examlex
The scope of cross-examination is limited to the scope of the subject matter of the direct examination.
FASB
The Financial Accounting Standards Board, an independent organization responsible for establishing accounting and financial reporting standards in the US.
IASB
International Accounting Standards Board, the organization responsible for developing and publishing international financial reporting standards.
Right-Of-Use Asset
Right-of-use asset is a balance sheet item that represents a lessee’s right to use an asset over the lease term under the new accounting standards.
Performance Obligation Approach
An accounting method that recognizes revenue when a company satisfies a performance obligation by transferring a promised good or service to a customer.
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