Full Disclosure Principle
A key accounting concept that requires all significant information affecting financial statements to be clearly disclosed. This includes pendings lawsuits, contingent liabilities, or changes in accounting policies. The goal is transparency, ensuring stakeholders have a complete and honest view of a company’s financial position and performance.
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Finance Charge
The total cost incurred for borrowing money or using credit. It includes interest, service fees, and other related costs. In…
Fixed Deposit
A financial instrument offered by banks where a sum of money is invested for a fixed term at a predetermined…
Foreign Exchange Gain or Loss
The financial impact resulting from changes in currency exchange rates during international transactions. When exchange rates fluctuate between the transaction…
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