REVENUE PRINCIPLE is where revenues are recorded when they are earned regardless of timing of cash receipts.
IMPAIRED ASSETS, in banking, applies to all problem assets which banks hold, and is not limited to problem loans. In addition to loans, it also captures off- balance sheet exposures and assets which have come onto banks balance sheets through enforcement of security conditions. See IMPAIRMENT OF VALUE.
UNDISTRIBUTED EARNINGS see RETAINED EARNINGS.
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