413 definitions found
Conceptual Framework
Definition
[11]
The residual interest in the assets of the entity after deducting all its liabilities. CF.4.63 …
Conceptual Framework
Definition
[12]
A claim on the residual interest in the assets of the entity after deducting all its liabilities. CF.4.64 …
Conceptual Framework
Definition
[13]
A contract, or a portion of a contract, that is equally unperformed—neither party has fulfilled any of its obligations, or both parties have partially fulfilled their obligations to an equal extent. …
Conceptual Framework
Definition
[14]
Uncertainty about whether an asset or liability exists. CF.4.13 , CF.4.35 …
Conceptual Framework
Definition
[15]
Decreases in assets, or increases in liabilities, that result in decreases in equity, other than those relating to distributions to holders of equity claims. …
Conceptual Framework
Definition
[16]
A qualitative characteristic that financial information must possess to be useful to the primary users of general purpose financial reports. The fundamental qualitative characteristics are relevance and faithful representation. CF.2.4 , …
Conceptual Framework
Definition
[17]
A report that provides financial information about the reporting entity’s economic resources, claims against the entity and changes in those economic resources and claims that is useful to primary users in making decisions relating to providing resources …
Conceptual Framework
Definition
[18]
A particular form of general purpose financial reports that provide information about the reporting entity’s assets, liabilities, equity, income and expenses. …
Conceptual Framework
Definition
[19]
Increases in assets, or decreases in liabilities, that result in increases in equity, other than those relating to contributions from holders of equity claims. …
Conceptual Framework
Definition
[20]
A present obligation of the entity to transfer an economic resource as a result of past events. CF.4.26 …