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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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Retrospective application

Accounting

Applying a new accounting policy, or correcting a prior-period error, as though it had always been in place — which means restating the comparative figures.

In plain terms

The comparative moves, the step is smoothed out and disclosed, and your series stays usable. It is also what triggers the third balance sheet.

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Indian stock market glossary · Market Vidyalaya