IAS-2 Definition

Bookmark and Share

IAS see INTERNATIONAL ACCOUNTING STANDARDS.

Learn new Accounting Terms

NONRECURRING is an income statement item that is infrequent in occurrence or unusual in nature.

PERIODIC VALUATION allows for the determination on future dates the value of assets, portfolios, etc. with the idea of setting a new standard cost or value to those assets. Such revaluations, up or down, are then posted as the new standard cost or value. See REVALUATION.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.