467 definitions found
AASB 127
Definition
8
An entity that is exempted in accordance with paragraphs 4(a) , Aus4.1 and Aus4.2 of AASB 10 from consolidation or paragraphs 17 , Aus17.1 and Aus17.2 of AASB 128 from applying the equity method may present separate financial statements as its only …
AASB 127
Definition
8A
An investment entity that is required, throughout the current period and all comparative periods presented, to apply the exception to consolidation for all of its subsidiaries in accordance with paragraph 31 of AASB 10 presents separate financial …
AASB 116
Definition
6
The following terms are used in this Standard with the meanings specified: …
AASB 116
Definition
6[1]
A bearer plant is a living plant that: (a) is used in the production or supply of agricultural produce; (b) is expected to bear produce for more than one period; and (c) has a remote likelihood of being sold as …
AASB 116
Definition
6[2]
Carrying amount is the amount at which an asset is recognised after deducting any accumulated depreciation and accumulated impairment …
AASB 116
Definition
6[3]
Cost is the amount of cash or cash equivalents paid or the fair value of the other consideration given to acquire an asset at the time of its acquisition or construction or, where applicable, the amount attributed to that asset when initially recognised …
AASB 116
Definition
6[4]
Depreciable amount is the cost of an asset, or other amount substituted for cost, less its residual value. …
AASB 116
Definition
6[5]
Depreciation is the systematic allocation of the depreciable amount of an asset over its useful life. …
AASB 116
Definition
6[6]
Entity-specific value is the present value of the cash flows an entity expects to arise from the continuing use of an asset and from its disposal at the end of its useful life or expects to incur when settling a …
AASB 116
Definition
6[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 Fair Value Measurement …