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Group financial statements are consolidated financial statements prepared for a parent company and its subsidiaries as if they were a single economic entity. They...

Gross sales are the total sales value before deducting returns, discounts, allowances, or sales adjustments. It reflects the overall sales activity generated during a...

Gross profit is the difference between revenue and the direct cost of goods sold. It shows how much a business earns from its core...

Gross operating profit refers to the profit generated from operations before deducting non-operating items and some indirect charges. It provides a closer look at...

Gross margin shows the percentage of revenue remaining after deducting the cost of goods sold. It is an important measure of core profitability and...

Gross income is total income before deducting expenses, taxes, or other charges. In different contexts, it may refer to business revenue after direct cost...

Gross fixed assets represent the total cost of all fixed assets before reducing them by accumulated depreciation. It provides a view of the original...

Gross book value is the original recorded cost of a fixed asset before deducting accumulated depreciation or impairment. It shows the total capitalized value...

Green accounting is an approach that considers environmental costs, sustainability impacts, and resource usage along with traditional financial performance. It aims to reflect the...

Gratuity is a statutory or contractual employee benefit paid as a lump sum when an employee leaves after completing a required period of service....

Grant accounting refers to the treatment and reporting of grants received, especially in non-profits, institutions, and subsidized businesses. It focuses on proper recognition, utilization,...

Government grants are financial or non-financial assistance provided by the government to support certain activities, sectors, or investments. They may relate to capital expenditure,...