288 definitions found
AASB 141
Definition
8[2]
Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. (See AASB 13 Fair Value Measurement …
AASB 141
Definition
8[3]
Government grants are as defined in AASB 120 . …
AASB 112
Definition
5
The following terms are used in this Standard with the meanings specified: …
AASB 112
Definition
5[1]
Accounting profit is profit or loss for a period before deducting tax expense. …
AASB 112
Definition
5[2]
Taxable profit (tax loss) is the profit (loss) for a period, determined in accordance with the rules established by the taxation authorities, upon which income taxes are payable …
AASB 112
Definition
5[3]
Tax expense (tax income) is the aggregate amount included in the determination of profit or loss for the period in respect of current tax and deferred tax …
AASB 112
Definition
5[4]
Current tax is the amount of income taxes payable (recoverable) in respect of the taxable profit (tax loss) for a period. …
AASB 112
Definition
5[5]
Deferred tax liabilities are the amounts of income taxes payable in future periods in respect of taxable temporary differences. …
AASB 112
Definition
5[6]
Deferred tax assets are the amounts of income taxes recoverable in future periods in respect of: (a) deductible temporary differences; (b) the carryforward of unused tax losses; and (c) the carryforward of unused tax …