33 paragraphs found in Conceptual Framework
… Terms that have no substance are disregarded. A term has no substance if it has no discernible effect on the economics of the contract. Terms that have no substance could include, for example: (a) …
… The following defined terms are extracted or derived from the relevant paragraphs …
… All terms in a contract—whether explicit or implicit—are … considered unless they have no substance. Implicit terms could include, for example, obligations imposed by …
… or two statements. The Conceptual Framework uses the term ‘statement of profit or loss’ to refer to a separate … statement of financial performance. Likewise, it uses the term ‘total for profit or loss’ to refer both to a total for …
… a single asset or liability. The entity has an asset if the terms of the exchange are currently favourable; it has a liability if the terms of the exchange are currently unfavourable. Whether …
… The terms of a contract create rights and obligations for an … from the legal form of the contract. In other cases, the terms of the contract or a group or series of contracts …
… entity acquired an asset in a recent transaction on market terms, the entity expects that the asset will provide … or taken on as a result of a recent transaction on market terms, the entity expects that the value of the obligation …
… financial capital maintenance where capital is defined in terms of nominal monetary units, profit represents the … the concept of financial capital maintenance is defined in terms of constant purchasing power units, profit represents …
… Throughout the Conceptual Framework , the term ‘financial statements’ refers to general purpose …
… Throughout the Conceptual Framework , the term ‘entity’ refers to the reporting entity unless …