Search Definitions

A financial liability that meets one of the following conditions. (a) it meets the definition of held for trading . (b) upon initial recognition it is designated by the entity as at fair value through profit or loss in accordance with paragraph 4.2.2 or …

A binding agreement for the exchange of a specified quantity of resources at a specified price on a specified future date or dates. …

An uncommitted but anticipated future transaction. …

The amortised cost of a financial asset , before adjusting for any loss allowance . …

The relationship between the quantity of the hedging instrument and the quantity of the hedged item in terms of their relative weighting. …

A financial asset or financial liability that: (a) is acquired or incurred principally for the purpose of selling or repurchasing it in the near term; (b) on initial recognition is part of a portfolio of identified financial instruments that are managed …

Gains or losses that are recognised in profit or loss in accordance with paragraph 5.5.8 and that arise from applying the impairment requirements in Section 5.5 …

The expected credit losses that result from all possible default events over the expected life of a financial instrument. …

The allowance for expected credit losses on financial assets measured in accordance with paragraph 4.1.2 , lease receivables and contract assets , the accumulated impairment amount for financial assets measured in accordance with paragraph 4.1.2A and the …

The amount arising from adjusting the gross carrying amount of a financial asset to reflect the renegotiated or modified contractual cash flows. The entity recalculates the gross carrying amount of a financial asset as the present value of the estimated …