1 A B C D E F G H I J K L M N O P Q R S T U V W

Accounting policies

Accounting policies are the specific principles, bases, conventions, rules and practices applied by an entity in preparing and presenting financial statements.





Read more


The business or businesses that the acquirer obtains control of in a business combination.





Read more

Active market

A market in which transactions for the asset or liability take place with sufficient frequency and volume to provide pricing information on an ongoing basis.





Read more

Actuarial gains and losses

Definitions relating to defined benefit cost

Actuarial gains and losses are changes in the present value of the defined benefit obligation resulting from:
(a) experience adjustments (the effects of differences between the previous actuarial assumptions and what has actually occurred); and
(b) the effects of changes in actuarial assumptions.





Read more

Agricultural activity

Agricultural activity is the management by an entity of the biological transformation and harvest of biological assets for sale or for conversion into agricultural produce or into additional biological assets.





Read more


Depreciation (Amortisation) is the systematic allocation of the depreciable amount of an asset over its useful life¹.

1 In the case of an intangible asset, the term ‘amortisation’ is generally used instead of ‘depreciation’. The two terms have the same meaning.


Amortisation is the systematic allocation of the depreciable amount of an intangible asset over its useful life.





Read more

Amortised cost of a financial asset or financial liability

The amount at which the financial asset or financial liability is measured at initial recognition minus the principal repayments, plus or minus the cumulative amortisation using the effective interest method of any difference between that initial amount and the maturity amount and, for financial assets, adjusted for any loss allowance.





Read more


Antidilution is an increase in earnings per share or a reduction in loss per share resulting from the assumption that convertible instruments are converted, that options or warrants are exercised, or that ordinary shares are issued upon the satisfaction of specified conditions.





Read more


An asset is a resource:

  1. controlled by an entity as a result of past events; and
  2. from which future economic benefits are expected to flow to the entity.




Read more

Asset ceiling

Definitions relating to the net defined benefit liability (asset)

The asset ceiling is the present value of any economic benefits available in the form of refunds from the plan or reductions in future contributions to the plan.





Read more

Assets held by a long-term employee benefit fund

Definitions relating to the net defined benefit liability (asset)

Assets held by a long-term employee benefit fund are assets (other than non-transferable financial instruments issued by the reporting entity) that:

  1. are held by an entity (a fund) that is legally separate from the reporting entity and exists solely to pay or fund employee benefits; and
  2. are available to be used only to pay or fund employee benefits, are not available to the reporting entity’s own creditors (even in bankruptcy), and cannot be returned to the reporting entity, unless either:
    1. the remaining assets of the fund are sufficient to meet all the related employee benefit obligations of the plan or the reporting entity; or
    2. the assets are returned to the reporting
Read more


An associate is an entity over which the investor has significant influence.





Read more