Homework: Differences
in Terminology
AC 440/540:
Module 8
Spring 2014
Source:
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TERMS |
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Terms |
U. |
IFRS |
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Accrual |
the cash |
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Bank borrowings |
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Called-up share capital |
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Capital allowances |
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Creditors |
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Earnings |
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Finance Lease |
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Fised asset investment |
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Freehold |
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Loans |
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P&L Statement |
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Reserves |
Retained |
Reservesare equivalent to retained earnings in the U.S and represent |
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Share premium account |
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Stocks |
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Turnover |





