trading book
An accounting book that includes all financial instruments, shares and tradable claims that are intended for resale, with the objective of making a pr [...]
business-entity assumption
The accounting concept that considers the personal assets of a firm’s owners to be separate and distinct from the business entity’s assets, it applyin [...]
income statement
A financial statement that reports the results of an entity’s business activities for an accounting period by showing its revenues, expenses, gains an [...]
shareholders’ equity
The ownership interest in a firm’s net assets that remains after deducting the claims of all creditors, it equaling the value of all the firm’s assets [...]
balance sheet
A financial statement that reports the financial position of an entity at the end of an accounting period by presenting the major categories and value [...]
subsidiary
A company that is controlled by another company, generally through the ownership of more than 50% of its voting rights. [...]
