User:Basemfawzy/sandbox

Historical Cost : the historical cost to acquire an asset or to the amount of proceeds received in exchange for the obligations

Current Cost : the cost to purchase a similar asset or to cost for the UN-discounted liability

Realizable / Settlement Value : the price to sell the asset or the UN-discounted price to settle a liability

Fair Value : It's either the market value or the PV according to the availability of information

What are the general features of financial statements ?csdfsd saad

Comparability Frequency of reporting (at least annually) Consistency No Offsetting : Between assets and liabilities (or) between incomer and expense Materiality and aggregation Accrual Basis Going Concern Fair Presentation