Search Definitions

[Deleted by the AASB] …

In respect of public sector entities, local governments , governments and most, if not all, government departments are reporting entities: …

government means the Australian Government, the Government of the Australian Capital Territory, New South Wales, the Northern Territory, Queensland, South Australia, Tasmania, Victoria or Western …

government department means a government controlled entity, created pursuant to administrative arrangements or otherwise designated as a government department by the government which controls …

local government means an entity comprising all entities controlled by a governing body elected or appointed pursuant to a Local Government Act or similar …

The adding together of assets, liabilities, equity, income or expenses that have shared characteristics and are included in the same classification.  …

A present economic resource controlled by the entity as a result of past events.   CF.4.3 …

The amount at which an asset, a liability or equity is recognised in the statement of financial position.   CF.5.1 …

The sorting of assets, liabilities, equity, income or expenses on the basis of shared characteristics for presentation and disclosure purposes.   …

Financial statements of a reporting entity that comprises two or more entities that are not all linked by a parent-subsidiary relationship.   …