Month End Glossary

Helpful terms for month end close checklists and balance sheet reconciliations.

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IAS 10 - Events After the Reporting Period

IAS 12 - Income Taxes

IAS 16 - Property, Plant and Equipment

IAS 19 - Employee Benefits

IAS 1 - Presentation of Financial Statements

IAS 21 - The Effects of Changes in Foreign Exchange Rates

IAS 23 - Borrowing Costs

IAS 24 - Related Party Disclosures

IAS 27 - Separate Financial Statements

IAS 28 - Investments in Associates and Joint Ventures

IAS 2 - Inventories

IAS 32 - Financial Instruments: Presentation

IAS 36 - Impairment of Assets

IAS 37 - Provisions, Contingent Liabilities and Contingent Assets

IAS 38 - Intangible Assets

IAS 40 - Investment Property

IAS 7 - Statement of Cash Flows

IAS 8 - Accounting Policies, Changes in Accounting Estimates and Errors

IFRS 10 - Consolidated Financial Statements

IFRS 11 - Joint Arrangements

IFRS 12 - Disclosure of Interests in Other Entities

IFRS 13 - Fair Value Measurement

IFRS 14 - Regulatory Deferral Accounts

IFRS 15 - Revenue from Contracts with Customers

IFRS - 16 Leases

IFRS 17 - Insurance Contracts

IFRS 18 - Presentation and Disclosure in Financial Statements

IFRS 1 - First-time Adoption of International Financial Reporting Standards

IFRS 2 - Share-based Payment

IFRS 3 - Business Combinations

IFRS 4 - Insurance Contracts

IFRS 5 - Non-current Assets Held for Sale and Discontinued Operations

IFRS 6 - Exploration for and Evaluation of Mineral Resources

IFRS 7 - Financial Instruments: Disclosures

IFRS 8 - Operating Segments

IFRS 9 - Financial Instruments

Immaterial

Impairment

Impairment Test

Income

Income Method

Income Statement

Income Tax

Incremental Cost

Incremental Cost of Borrowing

Incremental Revenue

Indirect Costs

Inflation

Inherent Risk

Initial Public Offering (IPO)

Intangible Assets

Interest Coverage Ratio

Interest Expense

Interest Income

Interest Rate Risk

Interest Rate Swap

Interim Dividend

Interim Financial Statements

Internal Audit

Internal Control

Internal Finance Team

Internal Rate of Return (IRR)

International Accounting Standards Board (IASB)

International Financial Reporting Interpretations Committee (IFRIC)

International Financial Reporting Standards (IFRS)

In the Money (ITM)

Inventory

Inventory Turnover Ratio

Inventory Valuation

Investment Income

Investment Property

Invoice

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