Search Definitions

The adding together of assets, liabilities, equity, income or expenses that have shared characteristics and are included in the same classification.  …

A present economic resource controlled by the entity as a result of past events.   CF.4.3 …

The amount at which an asset, a liability or equity is recognised in the statement of financial position.   CF.5.1 …

The sorting of assets, liabilities, equity, income or expenses on the basis of shared characteristics for presentation and disclosure purposes.   …

Financial statements of a reporting entity that comprises two or more entities that are not all linked by a parent-subsidiary relationship.   …

Financial statements of a reporting entity that comprises both the parent and its subsidiaries.   CF.3.11 …

The present ability to direct the use of the economic resource and obtain the economic benefits that may flow from it.   CF.4.20 …

The removal of all or part of a recognised asset or liability from an entity’s statement of financial position.   CF.5.26 …

A right that has the potential to produce economic benefits.   CF.4.4 …

A qualitative characteristic that makes useful information more useful. The enhancing qualitative characteristics are comparability, verifiability, timeliness and understandability.   CF.2.4 , …