300 definitions found
SAC 1
Definition
6[1]
“control” means the capacity of an entity to dominate decision-making, directly or indirectly, in relation to the financial and operating policies of another entity so as to enable that other entity to operate with it in achieving the objectives of the …
SAC 1
Definition
6[2]
“economic entity” means a group of entities comprising a controlling entity and one or more controlled entities operating together to achieve objectives consistent with those of the controlling …
SAC 1
Definition
6[3]
“entity” means any legal, administrative, or fiduciary arrangement, organisational structure or other party (including a person) having the capacity to deploy scarce resources in order to achieve objectives; …
SAC 1
Definition
6[4]
“general purpose financial report” means a financial report intended to meet the information needs common to users who are unable to command the preparation of reports tailored so as to satisfy, specifically, all of their information …
Conceptual Framework
Definition
[22]
The result of applying a measurement basis to an asset or liability and related income and expenses. CF.6.1 …
Conceptual Framework
Definition
[23]
An identified feature—for example, historical cost, fair value or fulfilment value—of an item being measured. CF.6.1 …
Conceptual Framework
Definition
[24]
Uncertainty that arises when monetary amounts in financial reports cannot be observed directly and must instead be estimated. CF.2.19 …
Conceptual Framework
Definition
[25]
Grouping an asset and liability that are recognised and measured as separate units of account into a single net amount in the statement of financial position. …
Conceptual Framework
Definition
[26]
Uncertainty about the amount or timing of any inflow or outflow of economic benefits that will result from an asset or liability. …
Conceptual Framework
Definition
[27]
Within an economic resource, a feature that already exists and that, in at least one circumstance, would produce for the entity economic benefits beyond those available to all other parties. …