Fair Value
The estimated market price of an asset or liability in an arm’s length transaction between informed, willing parties. It reflects what something is worth under current market conditions, not just historical cost. Fair value is used in financial reporting, especially for investments and revaluations.
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Financial Leverage
The use of borrowed funds to increase the potential return on investment. While leverage can amplify profits, it also magnifies…
Full Disclosure Principle
A key accounting concept that requires all significant information affecting financial statements to be clearly disclosed. This includes pendings lawsuits,…
Forensic Accounting
A specialized field that combines accounting, auditing, and investigative skills to detect fraud, embezzlement, or financial misconduct. Forensic accountants analyse…
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