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339 definitions found
AASB 17 Definition A[21]
The compensation an entity requires for bearing the uncertainty about the amount and timing of the cash flows that arises from non-financial risk as the entity fulfils insurance contracts …
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AASB 17 Definition A[22]
Items that determine some of the amounts payable to a policyholder . Underlying items can comprise any items; for example, a reference portfolio of assets, the net assets of the entity, or a specified subset of the net assets of the …
REVIEW COMPLETE DEFINITION
AASB 102 Definition Aus6.1[2]
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 …
REVIEW COMPLETE DEFINITION
AASB 10 Definition A[1]
The financial statements of a group in which the assets, liabilities, equity, income, expenses and cash flows of the parent and its subsidiaries are presented as those of a single economic …
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AASB 10 Definition A[2]
An investor controls an investee when the investor is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the …
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AASB 10 Definition A[3]
An entity with decision-making rights that is either a principal or an agent for other parties. …
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AASB 10 Definition A[4]
A parent and its subsidiaries . …
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AASB 10 Definition A[5]
An entity that: (a) obtains funds from one or more investors for the purpose of providing those investor(s) with investment management services; (b) commits to its investor(s) that its business purpose is to invest funds solely for returns from capital …
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AASB 10 Definition A[6]
Equity in a subsidiary not attributable, directly or indirectly, to a parent . …
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AASB 10 Definition A[7]
An entity that controls one or more entities. …
REVIEW COMPLETE DEFINITION

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The AASB issues principles-based Australian accounting, sustainability and external reporting Standards and guidance that meet user needs and enhance external reporting consistency and quality.

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