Accounting Standards

Primary financial-reporting framework used in the United States for recognition, measurement, presentation, and disclosure.

Acquisition-related intangible asset representing the excess of purchase price over identifiable net assets in a business combination.

International financial-reporting framework used in many jurisdictions outside the United States.

Inventory cost-flow assumption that assigns the newest recorded costs to units sold first.

Amount an entity expects to recover from an asset through use or disposal, used to judge whether impairment is required.

Rules and judgments used to decide when revenue should be recorded in the accounts and statements.