Integrated Reporting Moves from Rule-Bound Reporting to ________ Reporting to Respond

question 70

Short Answer

Integrated reporting moves from rule-bound reporting to ________ reporting to respond to individual company circumstances.

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Definitions:

Full Goodwill

An accounting method that recognizes goodwill based on the total purchase price of a subsidiary, including both the parent's and minority interest's share.

Impairment Loss

The amount by which the carrying amount of an asset or cash-generating unit exceeds its recoverable amount.

NCI

An alternative term for non-controlling interest, highlighting the equity in a subsidiary not held by the parent company.

Parent Interest

Refers to the share of equity interest held by the parent company in a subsidiary, reflecting ownership and control.