international standards of accounting and reporting
121Goodwill (accounting) — Goodwill is an accounting term used to reflect the portion of the book value of a business entity not directly attributable to its assets and liabilities; it normally arises only in case of an acquisition. It reflects the ability of the entity to …
122Statements of Standard Accounting Practice — (SSAP) In the UK, the Accounting Standards Board (ASB) issues accounting standards (a set of statements setting out standard accounting practice in relation to certain issues). Standards developed by the ASB are contained in Financial Reporting… …
123Tax avoidance and tax evasion — Tax avoidance is the legal utilization of the tax regime to one s own advantage, in order to reduce the amount of tax that is payable by means that are within the law. By contrast tax evasion is the general term for efforts to not pay taxes by… …
124merger accounting — A method of accounting for a business combination. It may only be used when a business combination falls within the definition of a merger in Schedule 4A to the Companies Act 1985 and Financial Reporting Standard 6. A business combination meets… …
125Acquisition Accounting — A set of formal guidelines describing how assets, liabilities, noncontrolling interest and goodwill of a target company must be reported by a purchasing company on its Consolidated Statement of Financial Position. With acquisition accounting the… …
126RSM International — Infobox Company name = RSM International company type = Member firms foundation = 1964 location = London key people = Jean Stephens, CEO industry = Professional services products = Audit Accounting Tax Consulting Financial advisory num employees …
127Dodd–Frank Wall Street Reform and Consumer Protection Act — Titre An Act to promote the financial stability of the United States by improving accountability and transparency in the financial system, to end too big to fail , to protect the American taxpayer by ending bailouts, to protect consumers from… …
128European Financial Reporting Advisory Group — EFRAG A group set up in 2001 to advise the European Commission on the use of International Accounting Standards within the EU. It coordinates the views of preparers and users of financial statements as well as accounting professionals and… …
