Điều khoản khác nhau nhưng có điểm tương đồng trong ý nghĩa mà họ truyền đạt là tham khảo chéo bằng cách sử dụng các từ Xem. Ngoài ra, thuật ngữ này cũng Làm thế nào để sử dụng từ điển nếu các tài khoản trong cùng tên và trong cùng một đồng tiền. | lower of cost and net realizable value rule 297 loan stock See debentures. London Stock Exchange LSE Based in London United Kingdom the LSE is one of the world s oldest stock exchange. The LSE was originally known as Jonathan s Coffee House and dealings in securities began as early as the seventeenth century. The name stock exchange was first used in 1773 although it was not formally instituted until 1801. The development of the industrial revolution encouraged many other share markets to flourish throughout the United Kingdom. These amalgamated in 1973 to form the Stock Exchange of Great Britain and Ireland. It later became the International Stock Exchange of the United Kingdom and the Republic of Ireland and finally it was called the London Stock Exchange. See stock exchange. long-form report A detailed report made by an auditor on a client s financial statements. long hedge A strategy to protect the value of future cash flows. A derivative is purchased now at a price fixed today of equivalent value to the future cash flows. The value of the future cash flows is therefore protected from adverse fluctuations. long position A position held by a dealer in securities commodities or currencies where current holdings exceed sales. The dealer expects prices to rise enabling a profit to be made by selling at the higher levels. long-term contract A contract that commences in one financial period but will not be completed until a subsequent period. Such a contract may be for the design manufacture or construction of a single substantial asset as in the construction or civil engineering industries . From an accounting point of view there is a problem in determining how much profit can be reasonably allocated to each accounting period when the contract is only partially completed. Refer to IAS 11. long-term debtors Debtors who are not expected to settle in the present financial period the amounts outstanding. long-term liability A sum owed that does not have to be repaid .
