219 definitions found
AASB 1055
Definition
A[5]
Unique kinds of legal entities established by political processes which have legislative, judicial or executive authority over other institutional units within a given area and which: (i) provide goods and services to the community and/or individuals free …
AASB 1055
Definition
A[6]
An economic entity that is capable, in its own right, of owning assets, incurring liabilities and engaging in economic activities and in transactions with other entities. Defined in the ABS GFS Manual (Glossary, page …
AASB 1055
Definition
A[7]
A legal or social entity that is created for the purpose of producing or distributing goods and services but is not permitted to be a source of income, profit or other financial gain for the units that establish, control or finance it. Defined in the ABS …
AASB 123
Definition
5
This Standard uses the following terms with the meanings specified: …
AASB 4
Definition
A[16]
An assessment of whether the carrying amount of an insurance liability needs to be increased (or the carrying amount of related deferred acquisition costs or related intangible assets decreased), based on a review of future cash …
AASB 4
Definition
A[17]
A party that has a right to compensation under an insurance contract if an insured event occurs. …
AASB 4
Definition
A[18]
A cedant’s net contractual rights under a reinsurance contract . …
AASB 4
Definition
A[19]
An insurance contract issued by one insurer (the reinsurer ) to compensate another insurer (the cedant ) for losses on one or more contracts issued by the …
AASB 4
Definition
A[20]
The party that has an obligation under a reinsurance contract to compensate a cedant if an insured event occurs. …
AASB 4
Definition
A[21]
Account for the components of a contract as if they were separate contracts. Additional Australian defined terms – see Appendix …