acct terms

probable future economic benefits obtained or controlled by an entity as a result of a past transactions or events

probable future economic sacrifices arising from present obligations to transfer assets or provide services to others in the future as a result of a past transactions or events

residual interest in assets of entity that remains after deducting its liabilities

increase in net assets resulting from transfers by owners to increase ownership interests

decrease in net assets resulting from transfers to owners resulting in decrease in ownership interest

change in equity of an entity during a period from transactions and other events and circumstances from nonowner sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.

inflows or other enhancements of assets of an entity or settlement of its liabilities (or combo of both) during a period from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations

outflows or other using up assets of an entity or incurrences of liabilities (or combo of both) during a period from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations

increase in equity (net assets) from peripheral or incidental transactions of an entity and from all other transactions and other events and circumstances affecting the entity during a period except those that result from revenues or investments by owners

decreases in equity (net assets) from peripheral or incidental transactions of an entity and from all other transactions and other events and circumstances affecting the entity during a period except those that result from revenues or investments by owners