Search Definitions

For the purposes of this Standard, equity interests is used broadly to mean ownership interests of investor-owned entities and owner, member or participant interests of mutual entities …

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 …

An asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately …

An asset is identifiable if it either: (a)             is separable, ie capable of being separated or divided from the entity and sold, transferred, licensed, rented or exchanged, either individually or together with a related contract, identifiable asset …

An identifiable non-monetary asset without physical substance. …

An entity, other than an investor-owned entity, that provides dividends, lower costs or other economic benefits directly to its owners , members or participants. For example, a mutual insurance company, a credit union and a co-operative entity are all …

The equity in a subsidiary not attributable, directly or indirectly, to a parent. …

For the purposes of this Standard, owners is used broadly to include holders of equity interests of investor-owned entities and owners or members of, or participants in, mutual entities …

The following terms are used in this Standard with the meanings specified: …

Accounting estimates are monetary amounts in financial statements that are subject to measurement uncertainty. …