372 definitions found
AASB 5
Definition
A[4]
An entity shall classify an asset as current when: (a) it expects to realise the asset, or intends to sell or consume it, in its normal operating cycle; (b) it holds the asset primarily for the purpose of trading; (c) it expects to realise the asset …
AASB 5
Definition
A[5]
A component of an entity that either has been disposed of or is classified as held for sale and: (a) represents a separate major line of business or geographical area of operations, (b) is part of a single co-ordinated plan to dispose of a separate major …
AASB 5
Definition
A[6]
A group of assets to be disposed of, by sale or otherwise, together as a group in a single transaction, and liabilities directly associated with those assets that will be transferred in the transaction. The group includes goodwill acquired in a business …
AASB 5
Definition
A[7]
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 …
AASB 5
Definition
A[8]
An agreement with an unrelated party, binding on both parties and usually legally enforceable, that (a) specifies all significant terms, including the price and timing of the transactions, and (b) includes a disincentive for non-performance that is …
AASB 5
Definition
A[10]
An asset that does not meet the definition of a current asset . …
AASB 5
Definition
A[12]
The higher of an asset’s fair value less costs of disposal and its value in use . …
AASB 5
Definition
A[13]
[7] The present value of estimated future cash flows expected to arise from the continuing use of an asset and from its disposal at the end of its useful …