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Definition and Recognition of the Elements of …

www.aasb.gov.au

Statement of Accounting Concepts SAC 4 (3/95) Definition and Recognition of the Elements of Financial Statements Prepared by the Public Sector Accounting Standards Board of the Australian Accounting Research Foundation and by the Australian Accounting Standards Board

  Definition, Testament, Elements, Definition and recognition of the elements, Recognition

Definition and Recognition of the Elements of Financial ...

www.aasb.gov.au

elements of financial statements) is relevant to users in assessing these aspects. Purpose of this Statement 7 This Statement establishes definitions of the elements of financial statements and specifies criteria for their recognition that are consistent with the objective of general purpose financial reporting set out in SAC 2.

  Definition, Testament, Financial, Elements, Definition and recognition of the elements, Recognition, The elements of financial statements, Elements of financial statements

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