Glossary of Terms beginning with N

Click one of the letters above to go to the page of all terms beginning with that letter.
Net assets/equity

Net assets/equity is the residual interest in the assets of the entity after deducting all its liabilities. This is the residual measure in the statement of financial position.

Net investment in a foreign entity

Net investment in a foreign entity is the reporting entity's share in the net assets/equity of that entity.

Net investment in the lease

Net investment in the lease is the gross investment in the lease less unearned finance revenue.

Net realizable value

Net realizable value is the estimated selling price in the ordinary course of operations less the estimated costs of completion and the estimated costs necessary to make the sale, exchange or distribution.

Non-cash generating assets

Non-cash generating assets are assets other than cash-generating assets.

Non-exchange transactions

Non-exchange transactions are transactions that are not exchange transactions. In a non-exchange transaction, an entity either receives value from another entity without directly giving approximately equal value in exchange, or gives value to another entity without directly receiving approximately equal value in exchange.

Non-monetary items

Non-monetary items are items that are not monetary items.


Notes are disclosures which contain information in addition to that presented in the statement of financial position, statement of financial performance, statement of changes in net assets / equity and cash flow statement. Notes provide narrative descriptions or disaggregations of items disclosed in those statements and information about items that do not qualify for recognition in those statements.