336 definitions found
AASB 119
Definition
8[16]
A qualifying insurance policy is an insurance policy [1] , [Aus1] issued by an insurer that is not a related party (as defined in AASB 124 Related Party Disclosures ) of the reporting entity, if the proceeds of the policy: (a) can be used only to pay or …
AASB 119
Definition
8[17]
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 …
AASB 119
Definition
8[18]
Service cost comprises: (a) current service cost , which is the increase in the present value of the defined benefit obligation resulting from employee service in the current period; (b) past service cost , which is the change in the present value of the …
AASB 119
Definition
8[19]
Net interest on the net defined benefit liability (asset) is the change during the period in the net defined benefit liability (asset) that arises from the passage of …
AASB 119
Definition
8[20]
Remeasurements of the net defined benefit liability (asset) comprise: (a) actuarial gains and losses; (b) the return on plan assets, excluding amounts included in net interest on the net defined benefit liability (asset); and (c) any change in the effect …
AASB 119
Definition
8[21]
Actuarial gains and losses are changes in the present value of the defined benefit obligation resulting from: (a) experience adjustments (the effects of differences between the previous actuarial assumptions and what has actually occurred); and (b) the …
AASB 119
Definition
8[22]
The return on plan assets is interest, dividends and other income derived from the plan assets, together with realised and unrealised gains or losses on the plan assets, less: (a) any costs of managing plan assets; and (b) any tax payable by the plan …
AASB 119
Definition
8[23]
A settlement is a transaction that eliminates all further legal or constructive obligations for part or all of the benefits provided under a defined benefit plan, other than a payment of benefits to, or on behalf of, employees that is set out in the terms …
AASB 16
Definition
A[1]
The date on which a lessor makes an underlying asset available for use by a lessee . …
AASB 16
Definition
A[2]
Either the period over which an asset is expected to be economically usable by one or more users or the number of production or similar units expected to be obtained from an asset by one or more …