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DebentureA written acknowledgement of a debt – a name used for loan financing taken up by a company.
DebtorA person or organisation that owes money to the entity.
Deep Discount BondA loan issued at a relatively low price compared to its nominal value.
DefaultFailure to meet obligations as they fall due for payment.
asset whose benefit is delayed beyond the period expected for a current
asset, but which does not meet the definition of a fixed asset.
such as a government grant, is received in advance of performing the
related activity. The deferred income is held in the balance sheet as a
type of liability until performance is achieved and is then released to
the income statement.
Deferred TaxationThe obligation to pay tax is deferred (postponed) under tax law beyond the normal date of payment.
Depreciable AmountCost of a non-current (fixed) asset minus residual value.
systematic allocation of the depreciable amount of an asset over its
useful life. The depreciable amount is cost less residual value.
DerecognitionThe act of removing an item from the financial statements because the item no longer satisfies the conditions for recognition.
Difference on ConsolidationDifference
between fair value of the payment for a subsidiary and the fair value
of net assets acquired, more commonly called goodwill.
Direct Method (of Operating Cash Flow)Presents cash inflows and cash outflows.
document issued by the European Union requiring all Member States to
adapt their national law to be consistent with the Directive.
Director(s)Person(s) appointed by shareholders of a limited liability company to manage the affairs of the company.
Disclosed, DisclosureAn item which is reported in the notes to the accounts is said to be disclosed but not recognised.
supplier of goods or services allows a business to deduct an amount
called a discount, for prompt payment of an invoiced amount.
The discount is often expressed a percentage of the invoiced amount.
DividendAmount paid to a shareholder, usually in the form of cash, as a reward for investment in the company.
The amount of dividend paid is proportionate to the number of shares held.
Dividend CoverEarnings per share divided by dividend per share.
Dividend YieldDividend per share divided by current market price.
Doubtful DebtsAmounts due from credit customers where there is concern that the customer may be unable to pay.
DrawingsCash taken for personal use, in sole trader or partnership business, treated as a reduction of ownership interest.