232 definitions found
Conceptual Framework
Definition
[34]
Financial information that is useful to primary users of general purpose financial reports in making decisions relating to providing resources to the reporting entity. To be useful, financial information must be relevant and faithfully represent what it …
Conceptual Framework
Definition
[35]
See primary users (of general purpose financial reports). …
AASB 123
Definition
5[1]
Borrowing costs are interest and other costs that an entity incurs in connection with the borrowing of funds. …
AASB 123
Definition
5[2]
A qualifying asset is an asset that necessarily takes a substantial period of time to get ready for its intended use or sale. …
SAC 1
Definition
6[1]
“control” means the capacity of an entity to dominate decision-making, directly or indirectly, in relation to the financial and operating policies of another entity so as to enable that other entity to operate with it in achieving the objectives of the …
SAC 1
Definition
6[2]
“economic entity” means a group of entities comprising a controlling entity and one or more controlled entities operating together to achieve objectives consistent with those of the controlling …
SAC 1
Definition
6[3]
“entity” means any legal, administrative, or fiduciary arrangement, organisational structure or other party (including a person) having the capacity to deploy scarce resources in order to achieve objectives; …
SAC 1
Definition
6[4]
“general purpose financial report” means a financial report intended to meet the information needs common to users who are unable to command the preparation of reports tailored so as to satisfy, specifically, all of their information …