Terminology

  • 12-month risk approximation
  • 12-month expected credit losses
  • Ability to use power to affect the returns
  • Accounting policies
  • Accrual accounting
  • Accrued benefit
  • Accurate information
  • Acquiree
  • Acquirer
  • Acquisition date
  • Acquisition method
  • Acquisition-related costs
  • Active market
  • Actuarial terms
  • Adjusted market pricing
  • Adjusting event after the reporting date
  • Agent
  • Aggregation
  • Agricultural activity
  • Agriculture-related definitions
  • Amortised Cost
  • Asset-backed securities
  • Asset ceiling
  • Assets held by a long-term employee benefit fund
  • Assets of low value
  • Associate
  • Attrition
  • Basis adjustment
  • Biological assets, Agricultural produce, Harvested products
  • Bonds
  • Bonus certificates
  • Book yield approach
  • Breach of Contract
  • Business combination
  • Business model assessment
  • Capital Asset Pricing Model
  • Cash accounting
  • Cash and cash equivalents
  • Cash flow hedge
  • Cash flow hedge reserve
  • Cash flows
  • Cash-generating unit (CGU)
  • Cash pooling arrangements
  • Change in accounting estimate
  • Change in accounting policy
  • Chief Operating Decision Maker
  • Combined financial statements
  • Commercial mortgage-backed security (CMBS)
  • Commitments
  • Comparability
  • Concise information
  • Consolidated financial statements
  • Construction contract
  • Consumer asset-backed security (Consumer ABS)
  • Contingencies
  • Contingent asset
  • Contingent consideration
  • Contingent liability
  • Continuing involvement
  • Continuous assessment of control
  • Contract
  • Contract asset
  • Contract liability
  • Contract modifications
  • Contractual service margin
  • Contractually linked instruments
  • Contributions from owners
  • Control
  • Control of an investee
  • Convertible debt option reserve
  • Convertible notes
  • Corporate asset-backed security
  • Cost of Property plant and equipment
  • Credit-adjusted effective interest rate
  • Credit derivatives
  • Credit-impaired financial asset
  • Credit sensitive payments
  • Cross currency swap
  • Cryptocurrency
  • Currency risk
  • Current asset
  • Customer
  • Customer relationships - Distributor Method
  • De facto agent
  • De minimis or non-genuine features
  • Debt instrument
  • Deductible temporary tax differences
  • Deemed cost
  • Default
  • Deferred tax assets
  • Deferred tax liabilities
  • Defined Benefits Pension plans
  • Defined Contribution Pension plans
  • Derivative
  • Derivative novation
  • Dilution
  • Direct participating contracts
  • Discontinued operation
  • Discount rate
  • Discounted cash flow
  • Distinct goods or services
  • Distributions to owners
  • EBITDA
  • ECL
  • Economic life
  • Economic resource
  • Effective hedge - Example
  • Effective interest rate method
  • Effective interest rate
  • Effective yield approach
  • Embedded derivatives
  • Enhancing qualitative characteristic
  • Entity-specific value
  • Equity
  • Equity attributable to the owners of the parent
  • Equity instrument
  • Equity method
  • Events after the reporting date
  • Executory contract
  • Existence uncertainty
  • Exit price - Entry price
  • Expected cash flow
  • Expected Credit Losses
  • Extraordinary items
  • Factoring and reverse factoring
  • Fair value
  • Fair value approach
  • Fair Value Hedge
  • Fair value hierarchy
  • Fair value less costs of disposal
  • Fair value option
  • Fair value through other comprehensive income
  • Fair value through profit or loss
  • Fairly presented information
  • Faithful representation
  • Finance lease
  • Financial asset
  • Financial assets at amortised costs
  • Financial assets at fair value through other comprehesive income
  • Financial assets at fair value through PL - Example
  • Financial assets - example
  • Financial guarantee contract
  • Financial guarantees
  • Financial instrument
  • Financial liabilities
  • Financial liability at fair value through PL
  • Financial or operational headroom
  • Financing activities
  • Firm commitment
  • Firm purchase commitment
  • First IFRS financial statements
  • Fixed fee service contract
  • Forecast transaction
  • Foreign exchange reserve
  • Free cash flow
  • Fulfilment cash flows
  • Full derecognition with recognition of new assets or liabilities
  • Fundamental qualitative characteristics
  • FVOCI
  • FVPL
  • General approach - Expected credit losses
  • General model of measurement of insurance contracts
  • Going concern assumption
  • Group treasury function
  • Grouping similar hedging transactions
  • Hedge accounting
  • Held for trading
  • Held-to-maturity financial assets - Example
  • Held-to-maturity investments
  • Highest and best use
  • Highly probable
  • Hold to collect
  • Hold to collect and sell
  • Identified asset
  • Impairment - Example
  • Impairment of assets
  • Impracticable
  • In-substance fixed lease payments
  • Inactive markets
  • Income tax
  • Indemnification assets
  • Individual or collective assessment for impairment
  • Insurance contract
  • Insurance contract boundary
  • Insurance contract with direct participation features
  • Insurance contracts acquired in the run-off period
  • Insurance contracts definitions
  • Intangible assets
  • Intangible assets - Example
  • Interest in other entities
  • Intrinsic value
  • Investment component
  • Investment contract with discretionary participation features
  • Investment funds
  • Investment property
  • Investment valued at cost
  • Investments in Associates and Joint Ventures
  • Joint arrangements
  • Joint control
  • Jointly Sponsored Pension Plans
  • Key management personnel
  • Key performance indicator
  • Land easements
  • Lease
  • Legally enforceable contract
  • Letter of intent
  • Levy
  • Liabilities and assets for current tax
  • Life insurance business
  • Lifetime expected credit losses
  • Liquidity risk
  • Loan commitments
  • Loans and receivables
  • Loss allowance
  • Loss given default
  • Low credit risk
  • Macro hedging
  • Market-corroborated inputs
  • Market risk
  • Material
  • Matrix form of organisation
  • Measurement basis
  • Measurement period
  • Measurement uncertainty
  • Modification gain or loss
  • Monetary items
  • Most advantageous market
  • Multi-employer Pension plans
  • Multi-period excess earnings method
  • Mutual entity
  • Net assets
  • Net investment hedge
  • Net realisable value
  • No derecognition
  • Non-adjusting events after the reporting date
  • Non-controlling interests
  • Non-current asset
  • Non-recourse assets
  • Non-structured entities
  • Notes to the financial statements
  • Obligating event
  • Offsetting
  • Onerous contract
  • Operating segment
  • Option
  • Option for discounted software
  • Option to renew a contract
  • Orderly transaction
  • Other business models
  • Other comprehensive income
  • Outcome uncertainty
  • Pass-through conditions
  • Past due
  • Percentage of completion method - Construction
  • Performance obligation
  • Period cost
  • Portfolio of insurance contracts
  • Post-contract support services
  • Post-employment benefits
  • Power
  • Low credit risk financial instruments
  • Premium allocation approach
  • Presentation and disclosure
  • Primary users of general purpose financial reports
  • Prior period errors
  • Probability of default
  • Probability-weighted mean
  • Promises to transfer distinct goods or non-insurance services
  • Property, plant and equipment
  • Property, plant and equipment - Example
  • Proportionate consolidation
  • Prospective application
  • Protective rights
  • Provisions
  • Prudence
  • Purchased or originated credit-impaired financial asset
  • Purpose of related party disclosures
  • Puttable instrument
  • Qualifying for Hedge Accounting
  • Qualitative characteristic
  • Realisation principle
  • Rebuttable presumption – significant increase in credit risk
  • Reclassification adjustments
  • Reclassification of financial assets
  • Recognition
  • Recoverable amount
  • Refund liabilities
  • Regular way purchase or sale
  • Regulated interest rates
  • Related party transaction
  • Relevance
  • Reliable information
  • Reporting entity
  • Residual value
  • Restrictions on transferred assets
  • Restructuring
  • Retrospective application
  • Return on Average Capital Employed
  • Revaluation model
  • Right of return
  • Right-of-use asset
  • Sales tax and VAT
  • Securitisation
  • Separability
  • Separate financial statements
  • Service concession arrangement
  • Share capital
  • Shares
  • Significant financing component
  • Significant increase in credit risk
  • Significant influence
  • Significant insurance risk
  • Similar economic characteristics
  • Simplified approach - Lifetime expected credit losses
  • Software warranties
  • Solely Payments of Principal and Interest
  • Stand-alone selling price
  • Stand ready obligations
  • Stochastic Modeling in Insurance
  • Structured entity
  • Structured products or Euro Medium Term Note (EMTN)
  • Substance of rights and obligations
  • Substantive substitution rights
  • SWAP
  • Synthetic products
  • Taxation
  • Term deposits
  • The five contract identification criteria
  • The modified historical cost convention
  • Three stages Expected Credit Losses
  • Time Value of Money
  • Time value of options and guarantees
  • Timeliness
  • Timely information
  • Total comprehensive income
  • Trade and other payables
  • Trade and other receivables
  • Transaction costs
  • Transaction price
  • Transfer
  • Transfer of control for distinct software licences
  • Transport costs
  • Treasury shares held by ESOP
  • Unbundle
  • Unconsolidated financial statements
  • Underlying asset
  • Understandability
  • Understandable information
  • Unearned finance income
  • Unit of account
  • Universal life insurance contracts
  • Unobservable inputs
  • Useful life of a lease
  • Users
  • Valuation premise
  • Valuation techniques - Cost approach
  • Valuation techniques - Income approach
  • Valuation techniques - Market approach
  • Value-at-risk
  • Value of Business acquired
  • Variable fee approach
  • Variable lease payments
  • Variable returns
  • VAT
  • Venturer
  • Verifiability
  • Vested employee benefits
  • WACC
  • WARA
  • Weather derivative
  • Write offs
  • XBRL
  • Y-9C Report
  • Zero Based Budgetting