A share-based payment is a transaction in which the entity receives goods or services either

as consideration for its equity instruments or by incurring liabilities for amounts based on the
price of the entity's shares or other equity instruments of the entity.

A business combination is a transaction in which the acquirer obtains control of

another business (the acquiree). Business combinations are a common way for companies
to grow in size, rather than growing through organic (internal) activities.

An insurance contract is a "contract under which one party (the insurer) accepts
significant insurance risk from another party (the policyholder) by agreeing to compensate the
policyholder if a specified uncertain future event (the insured event) adversely affects the
policyholder."

Financial instruments: Disclosures. The accounting standard IFRS 7 requires entities to

provide disclosures in their financial statements that enable users to evaluate the significance
of financial instruments, the nature and extent of risks arising from them and how entities
manage those risks.

an operating segmentis a component of an entity that is a profit center, that has discrete
financial information available, and whose results are reviewed regularly by the entity's
chief operating decision maker for purposes of performance assessment

Inventory is a complete list of items such as property, goods in stock, or the contents of a
building.

a cash flow statement, also known as statement of cash flows, is a financial statement that
shows how changes in balance sheet accounts and income affect cash and cash equivalents,
and breaks the analysis down to operating, investing and financing activities.

A construction contract is a mutual or legally binding agreement between two parties based
on policies and conditions recorded in document form. The two parties involved are one or more
owners, and one or more contractors.
An income tax is a tax imposed on individuals or entities (taxpayers) that varies with
the income or profits (taxable income) of the taxpayer. Details vary widely by jurisdiction.

Property, plant and equipment (PP&E) is a company asset that is vital to business
operations but cannot be easily liquidated, and depending on the nature of a company's
business, the total value of PP&E can range from very low to extremely high compared to
total assets. International accounting standard 16 deals with the accounting treatment of
PP&E.

Lease is a contract by which one party conveys land, property, services, etc. to another for a
specified time, usually in return for a periodic payment.

Revenue is the amount of money that a company actually receives during a specific period,
including discounts and deductions for returned merchandise. It is the "top line" or "gross
income" figure from which costs are subtracted to determine net income.

Revenue is calculated by multiplying the price at which goods or services are sold by the
number of units or amount sold.

Revenue is also known as "REVs."

Employee benefits and (especially in British English) benefits in kind (also called
fringe benefits, perquisites, or perks) include various types of non-wage compensation provided
to employees in addition to their normal wages or salaries.

Borrowing costs that are directly attributable to the acquisition, construction or production of a
qualifying asset form part of the cost of that asset. Other borrowing costs are recognised as
an expense. Borrowing costs are interest and other coststhat an entity incurs in connection
with the borrowing of funds.

A related party is a person or entity that is related to the entity that is preparing its financial
statements (referred to as the 'reporting entity') [IAS 24.9].
An associate is an entity over which an investor has significant influence, being the power to
participate in the financial and operating policy decisions of the investee (but not control or joint
control), and investments in associates are, with limited exceptions, required to be accounted
for using the equity method.

The financial statements of an entity whose functional currency is the currency of

a hyperinflationary economy should be stated in terms of the measuring unit current at
the reporting date. ... Monetary items in the statement of financial position (balance sheet) are
not restated.

Earnings per share (EPS) is the portion of a company's profit that is allocated to each
outstanding share of common stock, serving as an indicator of the company's profitability

The amount by which the carrying amount of an asset or cash-generating unit exceeds its
recoverable amount. Carrying amount: the amount at which an asset is recognised in the
balance sheet after deducting accumulated depreciation and accumulated impairment losses.

An intangible asset is an asset that is not physical in nature. Corporate intellectual property,
including items such as patents, trademarks, copyrights and business methodologies,
are intangible assets, as are goodwill and brand recognition.

Investment property is real estate property that has been purchased with the intention of
earning a return on the investment, either through rental income, the future resale of
the property or both.

Agriculture is the science or practice of farming, including cultivation of the soil for the growing
of crops and the rearing of animals to provide food, wool, and other products.