Examlex
The overall emphasis of the _____ phase of a traditional systems development life cycle is gathering data on an existing system,determining the requirements for a new system,considering alternatives within identified constraints,and investigating the feasibility of alternative solutions.
R&D Expense
Costs associated with the research and development activities of a company, aimed at the creation of new products or enhancement of existing products.
IFRS
International Financial Reporting Standards; a set of global accounting standards that provide guidance on how to report financial events.
GAAP
GAAP refers to the widely recognized set of accounting norms and guidelines followed in the U.S. for preparing financial statements.
Fair Value
The amount one would obtain from selling an asset or the cost to transfer a liability, in a smooth transaction with market players on the day of valuation.
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