Standards established by creditors that must be satisfied by potential debtors in order for credit to be given, typically reflecting the applicant's ability to repay the loan or make payments for goods or services acquired.
Earnings, also referred to as net income or profit, is a crucial metric in financial reporting which forms the basis for calculating earnings per share. A key aspect of corporate finance, earnings definition and reporting have evolved to curb creative accounting and ensure transparency.
A draft document issued for public comment and discussion before the final release of a financial reporting standard by a regulatory or standard-setting body like the Financial Reporting Council.
A Financial Reporting Exposure Draft (FRED) is a draft published by standard-setting authorities containing proposed changes to financial reporting standards before they are finalized.
The International Capital Market Association (ICMA) promotes efficient capital markets, resulting in stable market conditions and global economic growth. It sets standards and provides extensive sectoral expertise to industry professionals.
ISA stands for International Standard on Auditing and Individual Savings Account, addressing auditing standards and personal savings respectively.
Marking to market, also known as fair value accounting, is the practice of valuing financial assets and liabilities according to their current market prices. It is a commonly applied method in accounting and finance but remains controversial due to its impact on financial statements.
