320 definitions found
Conceptual Framework
Definition
[6]
Financial statements of a reporting entity that comprises both the parent and its subsidiaries. CF.3.11 …
Conceptual Framework
Definition
[7]
The present ability to direct the use of the economic resource and obtain the economic benefits that may flow from it. CF.4.20 …
Conceptual Framework
Definition
[8]
The removal of all or part of a recognised asset or liability from an entity’s statement of financial position. CF.5.26 …
Conceptual Framework
Definition
[9]
A right that has the potential to produce economic benefits. CF.4.4 …
Conceptual Framework
Definition
[10]
A qualitative characteristic that makes useful information more useful. The enhancing qualitative characteristics are comparability, verifiability, timeliness and understandability. CF.2.4 , …
Conceptual Framework
Definition
[11]
The residual interest in the assets of the entity after deducting all its liabilities. CF.4.63 …
Conceptual Framework
Definition
[12]
A claim on the residual interest in the assets of the entity after deducting all its liabilities. CF.4.64 …
Conceptual Framework
Definition
[13]
A contract, or a portion of a contract, that is equally unperformed—neither party has fulfilled any of its obligations, or both parties have partially fulfilled their obligations to an equal extent. …
Conceptual Framework
Definition
[14]
Uncertainty about whether an asset or liability exists. CF.4.13 , CF.4.35 …
Conceptual Framework
Definition
[15]
Decreases in assets, or increases in liabilities, that result in decreases in equity, other than those relating to distributions to holders of equity claims. …