Search Definitions

An entity that is required, or chooses, to prepare general purpose financial statements.   CF.3.10 …

Financial statements of a reporting entity that is the parent alone.   CF.3.11 …

The right or the group of rights, the obligation or the group of obligations, or the group of rights and obligations, to which recognition criteria and measurement concepts are applied.   …

Financial information that is useful to primary users of general purpose financial reports in making decisions relating to providing resources to the reporting entity. To be useful, financial information must be relevant and faithfully represent what it …

See primary users (of general purpose financial reports). …

The following terms are used in this Standard with the meanings specified: …

Inventories are assets: (a) held for sale in the ordinary course of business; (b) in the process of production for such sale; or (c) in the form of materials or supplies to be consumed in the production process or in the rendering of …

Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated costs necessary to make the …

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. (See AASB 13 Fair Value Measurement …

This appendix is an integral part of AASB 102 . …