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1492 terms

Glossary

Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.

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Change in accounting estimate

Accounting

A revision to a judgement about an uncertain amount — a useful life, a residual value, a provision rate — applied prospectively from the date of the change.

In plain terms

Nobody restates anything, so the whole effect lands in one year’s growth rate while both years remain individually correct. The revision itself moves no cash.

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Indian stock market glossary · Market Vidyalaya