Search results with tag "Asset definition"

Conceptual Framework: Definition of an asset - IFRS

•Elements – Asset definition •Elements – Liability definition •Recognition and derecognition •Presentation – OCI •We will not cover: •Equity/liability boundary (December ED session) •Income and expense definitions . Currently defined 3 •Definition of an asset [of an entity]:

  Definition, Framework, Asset, Conceptual, Conceptual framework, Elements, Recognition, Asset definition