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A Reduction in Carrying Value as a Result of Impairment

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A reduction in carrying value as a result of impairment is recorded as a loss.


Definitions:

Non-Committed

Non-Committed in finance refers to facilities or funding that is not contractually guaranteed and can be withdrawn under certain conditions.

Banker's Acceptance

A short-term debt instrument issued by a company that is guaranteed by a commercial bank, commonly used in international trade.

Accounts Receivable Policy

outlines the terms and conditions under which a company extends credit to its customers, including payment terms, interest rates on overdue payments, and collection procedures.

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects revenue from its credit sales by analyzing the number of times average accounts receivable are turned over during a period.

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