Exchange Gain/Loss
The profit or loss from converting one currency to another due to exchange rate fluctuations. These arise in international transactions and impact income statements. Gains increase profits, while losses reduce them both must be reported for accurate financial results.
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Endowment Fund
An endowment fund consists of donations or capital set aside to generate ongoing income for a specific purpose commonly used…
Entity Concept
The entity concept states that a business must be treated as a separate economic unit from its owners or stakeholders.…
Economic Value Added (EVA)
Economic Value Added measures how much value a business generates beyond the cost of its capital. It is calculated as…
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