Search Definitions

In respect of not-for-profit entities, current replacement cost is the cost the entity would incur to acquire the asset at the end of the reporting …

The following terms are also used in this Standard with the meaning specified. …

Director means: (a)             a person who is a director under the Corporations Act; and (b)             in the case of entities governed by bodies not called a board of directors, a person who, regardless of the name that is given to the position, is …

Remuneration is compensation as defined in this Standard. …

Although the defined term ‘compensation’ is used in this Standard rather than the term ‘ remuneration ’, both words refer to the same concept and all references in the Corporations Act to the remuneration of directors and executives is taken as referring …

The terms defined in AASB 13 , AASB 9 and AASB 132 are used in this Standard with the meanings specified in Appendix A of AASB 13 , Appendix A of AASB 9 and paragraph 11 of AASB 132 . AASB 13 , AASB 9 and AASB 132 define the following terms: • …

The following terms are used in this Standard with the meanings specified: …

A firm commitment is a binding agreement for the exchange of a specified quantity of resources at a specified price on a specified future date or …

A forecast transaction is an uncommitted but anticipated future transaction. …

A hedging instrument is a designated derivative or (for a hedge of the risk of changes in foreign currency exchange rates only) a designated non-derivative financial asset or non-derivative financial liability whose fair value or cash flows are expected …