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| an economic resource of an entity is:: International GAAP 2021 Ernst & Young LLP, 2021-03-08 International GAAP 2021 International GAAP 2021 is a detailed guide to interpreting and implementing International Financial Reporting Standards (IFRS). By setting IFRS in a relevant business context, it provides insights on how complex practical issues should be resolved in the real world of global financial reporting. This book is an essential tool for anyone applying, auditing, interpreting, regulating, studying or teaching IFRS. Written by EY financial reporting professionals from around the world, this three-volume guide to reporting under IFRS provides a global perspective on the application of IFRS. The book explains complex technical accounting issues clearly by setting IFRS in a practical context with numerous worked examples and hundreds of illustrations from the published financial reports of major listed companies from around the world. Volume 1 contains the following chapters and sections: International GAAP The IASB's Conceptual Framework Presentation of financial statements and accounting policies Non-current assets held for sale and discontinued operations First-time adoption Consolidated financial statements Consolidation procedures and non-controlling interests Separate and individual financial statements Business combinations Business combinations under common control Investments in associates and joint ventures Joint arrangements Disclosure of interests in other entities Fair value measurement Foreign exchange Hyperinflation Intangible assets Property, plant and equipment Investment property Impairment of fixed assets and goodwill Capitalisation of borrowing costs Inventories Index of extracts from financial statements for all three volumes Index of standards for all three volumes Index for all three volumes This book is printed on acid-free paper, responsibly manufactured from well-managed FSC-certified forests and other controlled sources. This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, legal or other professional advice. Please refer to your advisors for specific advice. ey.com/igaap |
| an economic resource of an entity is:: International GAAP 2019 Ernst & Young LLP, 2019-01-14 International GAAP® 2019 is a comprehensive guide to interpreting and implementing International Financial Reporting Standards (IFRS), setting IFRS in a relevant business context and providing insights into how complex practical issues should be resolved in the real world of global financial reporting. This book is an essential tool for anyone applying, auditing, interpreting, regulating, studying or teaching IFRS. Written by EYs financial reporting professionals from around the world, this three-volume guide to reporting under IFRS provides a global perspective on the application of IFRS. Complex technical accounting issues are explained clearly and IFRS is set in a practical context with numerous worked examples and hundreds of illustrations from the published financial reports of major listed companies from around the world. The 2019 edition of International GAAP® has been fully revised and updated in order to: • Continue to investigate the many implementation issues arising as entities adopt IFRS 9 (Financial Instruments) and IFRS 15 (Revenue from Contracts with Customers). • Explore the complex implementation issues arising as entities adopt, in 2019, IFRS 16 (Leases). • Include an updated chapter on the new insurance contracts standard IFRS 17 (Insurance Contracts), which reflects the recent discussions of the IASB’s Transition Resource Group on implementation issues raised, proposed narrow-scope amendments to IFRS 17 intended by the IASB, and also explores other matters arising as users prepare for the adoption of this standard. • Include an amended chapter on the revised Conceptual Framework, which was published in March 2018. The changes to the Conceptual Framework may affect the application of IFRS in situations where no standard applies to a particular transaction or event. • Address amended standards and new interpretations issued since the preparation of the 2018 edition. • Explain the many other initiatives that are currently being discussed by the IASB and by the IFRS Interpretations Committee and the potential consequential changes to accounting requirements. • Provide insight on the many issues relating to the practical application of IFRS, based on the extensive experience of the book’s authors in dealing with current issues. |
| an economic resource of an entity is:: International GAAP 2020 Ernst & Young LLP, 2020-02-25 International GAAP 2020 is a comprehensive guide to interpreting and implementing International Financial Reporting Standards (IFRS), setting IFRS in a relevant business context, and providing insights into how complex practical issues should be resolved in the real world of global financial reporting. This book is an essential tool for anyone applying, auditing, interpreting, regulating, studying, or teaching IFRS. Written by financial reporting professionals from around the world, this guide to reporting under IFRS provides a global perspective, clearly explaining complex technical accounting issues and setting IFRS in a practical context. Numerous worked examples and hundreds of illustrations from the published financial reports of major listed companies from around the world are included. The 2020 edition has been fully revised and updated with information on the latest IFRS changes and current issues. |
| an economic resource of an entity is:: The Quest for a Science of Accounting Thomas A. Lee, Peter W. Wolnizer, 2021-03-22 Originally published in 1997, the principal object of the editors in compiling this collection of Robert R. Sterling’s work was to make more of his publications accessible in a convenient form to the academic and professional accounting communities, and to current and future generations of accounting students. While it is not a complete portfolio of his published work to date, this anthology contains all of Sterling’s major articles. Through his long-term quest for a science of accounting, Sterling sought to bring together accounting educators, practitioners, regulators, and researchers in order to identify credible advancements in accounting knowledge, authoritative changes to accounting practice, and transforming improvements to accounting education. |
| an economic resource of an entity is:: Financial Reporting, 4th Edition Janice Loftus, Ken Leo, Sorin Daniliuc, Belinda Luke, Hong Nee Ang, Mike Bradbury, Dean Hanlon, Noel Boys, Karyn Byrnes, 2022-09-16 The most authoritative financial reporting text for second and third-year courses, Loftus' Financial Reporting is back in a new fourth edition with updates to the Australian Accounting Standards (up to May 2022), making it the most current book on the market. New to this edition is an entire chapter on ethics, a completely reworked sustainability chapter and an expanded integration of New Zealand standards and examples. The new edition encourages students to not only develop a conceptual understanding of the content, but to also apply it in a variety of practical contexts. Supported by a variety of digital resources like interactive worked problems and questions with immediate feedback, Financial Reporting is a textbook designed for an engaging, interactive learning experience. |
| an economic resource of an entity is:: Financial Reporting, 3rd Edition Janice Loftus, Ken Leo, Sorin Daniliuc, Noel Boys, Belinda Luke, Hong Nee Ang, Karyn Byrnes, 2020-02-25 The third edition of Loftus’ Financial Reporting has been updated for recent developments in the Australian Accounting Standards, including the release of the new Conceptual Framework. This text is designed to be used across the 2nd and 3rd year financial accounting units. A hallmark feature of the text is that it provides both a conceptual understanding and a practical application of the accounting standards. For students, an understanding of the conceptual basis of accounting and the rationale behind the principles is crucial to the consistent application of standards in a variety of practical contexts. The Financial Reporting interactive e-text features a range of instructional media content designed to provide students with an engaging learning experience. This includes practitioner videos (from Ernst & Young), interactive worked problems and questions with immediate feedback. Loftus’ unique resource can also form the basis of a blended learning solution for lecturers. |
| an economic resource of an entity is:: Advanced Information Systems Engineering Haralambos Mouratidis, Haris Mouratidis, Colette Rolland, 2011-06-16 This book constitutes the refereed proceedings of the 23rd International Conference on Advanced Information Systems Engineering, CAiSE 2011, held in London, UK, in June 2011. The 42 revised full papers and 5 revised short papers presented were carefully reviewed and selected from 320 submissions. In addtion the book contains the abstracts of 2 keynote speeches. The contributions are organized in topical sections on requirements; adaptation and evolution; model transformation; conceptual design; domain specific languages; case studies and experiences; mining and matching; business process modelling; validation and quality; and service and management. |
| an economic resource of an entity is:: International GAAP 2015 Ernst & Young LLP, 2015-02-11 IFRSs, the standards set by the International Accounting Standards Board (IASB), are complex and sometimes obscure. Understanding their implications and applying them appropriately requires something special; and that is why International GAAP® 2015 is the essential tool for anyone applying, auditing, interpreting, regulating, studying and teaching international financial reporting. It provides expert interpretation and practical guidance for busy professionals, and includes, in every chapter, detailed analysis of how complex financial reporting problems can be resolved appropriately and effectively. The International Financial Reporting Group of Ernst & Young includes financial reporting specialists from throughout the world. Complex technical accounting issues are explained clearly in a practical working context that enables immediate understanding of the point at issue. International GAAP® 2015 is the only globally focused work on IFRSs. It is not constrained by any individual country’s legislation or financial reporting regulations, and it ensures an international consistency of approach unavailable elsewhere. It shows how difficult practical issues should be approached in the complex, global world of international financial reporting, where IFRSs have become the accepted financial reporting system in more than 100 countries. This integrated approach provides a unique level of authoritative material for anyone involved in preparing, interpreting or auditing company accounts, for regulators, academic researchers and for all students of accountancy. All aspects of the detailed requirements of IFRS are dealt with on a topic-by-topic basis. Each chapter of International GAAP® 2015 deals with a key area of IFRS and has a common structure for ease of use: • An introduction to the background issues • An explanation of relevant principles • A clear exposition of the requirements of IFRS • A discussion of the implications in practice and possible alternative solutions available • Worked examples • Extracts from real company accounts • A full listing of the required disclosures |
| an economic resource of an entity is:: Governmental Accounting Made Easy Warren Ruppel, 2004-10-19 Read, interpret, and analyze governmental financial statements–Governmental Accounting Made Easy explains it all Clearly explaining how to read and analyze the financial statements of governments and governmental organizations, Governmental Accounting Made Easy assists you-accountant or not-to interpret governmental financial statements. This easy-to-understand book guides the reader in understanding how these individual topics come together to form a whole, under the Governmental Accounting Standards Board 34 (GASB 34) financial reporting model. This indispensable resource covers Basic accounting concepts underlying governmental accounting and financial reporting Basic financial statements prepared for a government, including government-wide and fund financial statements Note disclosures that accompany governmental financial statements Complicated accounting issues commonly found in governmental financial statements Future issues impacting governmental accounting and financial reporting Expert advice from Warren Ruppel, author of Wiley GAAP for Governments 2009 Providing a simplified background and discussion of a broad range of governmental accounting topics, Governmental Accounting Made Easy authoritatively and thoroughly guides you through every aspect of governmental accounting and financial reporting. |
| an economic resource of an entity is:: Wiley 2023 Interpretation and Application of IFRS Standards PKF International Ltd, 2023-06-19 The newest edition of an essential accounting resource The Wiley 2023 Interpretation and Application of IFRS Standards is an authoritative, one-stop resource for accountants who need to interpret and apply the most recent International Financial Reporting Standards with precision and consistency. The book contains numerous practical examples and up-to-date guidance on the expanding framework for unified financial reporting. The authors have created a volume that offers transparent, accessible, and efficient information relevant to the ever-evolving IFRS standards. Readers will also find: Clear and informative explanations of the newest updates found in the 2023 IFRS Standards Well-reasoned examples of new standards being applied to difficult cases drawn from real-world situations Realistic and practical advice created by, and for, accounting professionals Perfect for accountants and auditors, the Wiley 2023 Interpretation and Application of IFRS Standards will earn a place on the desks and bookshelves of students of accounting, finance, and related fields. |
| an economic resource of an entity is:: Wiley Interpretation and Application of IFRS Standards 2020 PKF International Ltd, 2020-05-11 Wiley IFRS® Standards 2020 is a revised and comprehensive resource that includes the information needed to interpret and apply the most recent International Financial Reporting Standards (IFRS®) as outlined by the International Accounting Standards Board (IASB). This accessible resource contains a wide range of practical examples as well as invaluable guidance on the expanding framework for unified financial reporting. The authors provide IFRIC interpretations and directions designed to ensure a clear understanding of the most recent standards. The IFRS® standards are ever evolving, therefore it is essential that professionals and students have the information needed to apply the standards correctly in real-world cases. Wiley IFRS® Standards 2020 offers a complete, up-to-date reference that aids in the application of the latest international standards in a manner that is transparent, accountable and efficient. This edition includes IFRS 9 Financial Instruments; IFRS 15 Revenue from Contracts with Customers; IFRS 16 Leases and amendments issued and effective for annual periods beginning on or after 01 January 2019 as issued by the IASB by 30 June 2019. This edition also includes some introductory guidance for IFRS 17 Insurance Contracts and incorporates the revised Conceptual Framework for Financial Reporting 2018. This guide is written by the people passionate about IFRS® at PKF International. PKF International member firms specialise in providing high quality audit, accounting, tax, and business advisory solutions to international and domestic organisations around the globe. |
| an economic resource of an entity is:: Introduction to Financial Accounting Peter Scott, 2018 Peter Scott's Introduction to Financial Accounting provides a thorough but accessible and engaging introduction to the subject for first year students. This highly practical textbook uses a multitude of worked and real life examples, supportive learning features, crystal clear explanations, and extensive online resources (all fully integrated with the book) to guide students towards a confident understanding of the fundamentals of financial accounting. Scott's lively writing style sets the numerical content within an easy-to-follow narrative, and the real life relevance of each tool or technique is explained at every turn. All key areas of first year financial accounting courses are covered to provide a solid foundation for more advanced modules, with two chapters and an extensive online case study dedicated to the important topic of double-entry bookkeeping. The book's online resources include a wealth of materials which can be downloaded into a university's local VLE. The student resources include: - Interactive Multiple Choice Questions for revising key topics; - Numerical exercises for practising the calculation of accounting information from given sets of data; - 'Go back over this again' features containing a mix of further examples, written exercises, true or false questions, and annotated accounting information to help consolidate learning and revise or revisit concepts; - 'Show me how to do it' videos that provide practical demonstrations of dealing with more complex accounting tasks; - Web links for primary source material and articles through which readers can learn more about the companies and organizations discussed in the book. Lecturer resources include PowerPoint slides, examples and solutions, and hundreds of ready-to-use multiple-choice questions, all arranged by chapter. Lecturers can choose to make the online materials available to their students via Dashboard, a learning and assessment tool which provides sophisticated analytics for student achievement and engagement with the resources, also facilitating discussions and course updates. |
| an economic resource of an entity is:: Wiley Interpretation and Application of IFRS Standards PKF International Ltd, 2019-06-17 The 2019 reference for the interpretation and application of the latest international standards Wiley IFRS® Standards 2019 is a revised and comprehensive resource that includes the information needed to interpret and apply the most recent International Financial Reporting Standards (IFRS®) as outlined by the International Accounting Standards Board (IASB). This accessible resource contains a wide range of practical examples as well as invaluable guidance on the expanding framework for unified financial reporting. The authors provide IFRIC interpretations and directions designed to ensure a clear understanding of the most recent standards. The IFRS® standards are ever evolving, therefore it is essential that professionals and students have the information needed to apply the standards correctly in real-world cases. Wiley IFRS® Standards 2019 offers a complete, up-to-date reference that aids in the application of the latest international standards in a manner that is transparent, accountable and efficient. This edition includes IFRS 9 Financial Instruments; IFRS 15 Revenue from Contracts with Customers; IFRS 16 Leases and amendments issued and effective for annual periods beginning on or after 01 January 2018 and 01 January 2019 as issued by the IASB by 30 June 2018. This edition also includes some introductory guidance for IFRS 17 Insurance Contracts and incorporates the revised Conceptual Framework for Financial Reporting 2018. This important guide is written by the people passionate about IFRS® at PKF International. PKF International consists of over 400 offices, operating in 150 countries across five regions. PKF International specialises in providing high quality audit, accounting, tax, and business advisory solutions to international and domestic organisations around the globe. PKF International is a global family of legally independent firms bound together by a shared commitment to quality, integrity and the creation of clarity in a complex regulatory environment. PKF International is a member of the Forum of Firms – an organisation dedicated to consistent and high-quality standards of financial reporting and auditing practices worldwide. www.pkf.com. PKF International Limited administers a family of legally independent firms and does not accept any responsibility or liability for the actions or inactions of any individual member or correspondent firm or firms. All rights reserved. |
| an economic resource of an entity is:: Wiley 2022 Interpretation and Application of IFRS Standards PKF International Ltd, 2022-05-23 The 2022 reference for the interpretation and application of the latest international financial reporting standards Wiley IFRS® Standards 2022 is a revised and comprehensive resource that includes the information needed to interpret and apply the most recent International Financial Reporting Standards (IFRS®) as outlined by the International Accounting Standards Board (IASB). This accessible resource contains a wide range of practical examples as well as invaluable guidance on the expanding framework for unified financial reporting. The authors provide IFRIC interpretations and directions designed to ensure a clear understanding of the standards. The IFRS® standards are ever evolving, therefore it is essential that professionals and students have the information needed to apply the standards correctly in real-world cases. Wiley IFRS® Standards 2022 offers a complete, up-to-date reference that aids in the application of the latest international standards in a manner that is transparent, accountable and efficient. This edition includes IFRS 17 Insurance Contracts which has an effective date of 1 January 2023. This guide is written by PKF professionals who support the application of clear, informative, and accurate financial reporting. PKF International member firms specialise in providing high quality audit, accounting, tax, and business advisory solutions to international and domestic organisations around the globe. PKF International is a member of the Forum of Firms – an organisation dedicated to consistent and high-quality standards of financial reporting and auditing practices worldwide. www.pkf.com. PKF International Limited administers a family of legally independent firms and does not accept any responsibility or liability for the actions or inactions of any individual member or correspondent firm or firms. All rights reserved. |
| an economic resource of an entity is:: Wiley 2021 Interpretation and Application of IFRS Standards PKF International Ltd, 2021-04-14 Wiley Interpretation and Application of IFRS® Standards The 2021 reference for the interpretation and application of the latest international standards Wiley IFRS® Standards 2021 is a revised and comprehensive resource that includes the information needed to interpret and apply the most recent International Financial Reporting Standards (IFRS®) as outlined by the International Accounting Standards Board (IASB). This accessible resource contains a wide range of practical examples as well as invaluable guidance on the expanding framework for unified financial reporting. The authors provide IFRIC interpretations and directions designed to ensure a clear understanding of the most recent standards. The IFRS® standards are ever evolving, therefore it is essential that professionals and students have the information needed to apply the standards correctly in real-world cases. Wiley IFRS® Standards 2021 offers a complete, up-to-date reference that aids in the application of the latest international standards in a manner that is transparent, accountable and efficient. This edition includes IFRS 9 Financial Instruments; IFRS 15 Revenue from Contracts with Customers; IFRS 16 Leases and amendments issued and effective for annual periods beginning on or after 01 January 2020 as issued by the IASB by 30 June 2020. This edition also includes some introductory guidance for IFRS 17 Insurance Contracts and incorporates the revised Conceptual Framework for Financial Reporting 2018. This guide is written by the people passionate about IFRS® at PKF International. PKF International member firms specialise in providing high quality audit, accounting, tax, and business advisory solutions to international and domestic organisations around the globe. PKF International is a member of the Forum of Firms – an organisation dedicated to consistent and high-quality standards of financial reporting and auditing practices worldwide. www.pkf.com. PKF International Limited administers a family of legally independent firms and does not accept any responsibility or liability for the actions or inactions of any individual member or correspondent firm or firms. All rights reserved. |
| an economic resource of an entity is:: Financial Accounting and Reporting Mr Barry Elliott, Jamie Elliott, 2019 Financial Accounting & Reporting is the book that helps students and professionals succeed in their studies and the workplace by providing practical support and clear principles for applying international standards and preparing financial statements. MyLab Accounting is not included. Students, if MyLab Accounting is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN and course ID. MyLab Accounting should only be purchased when required by an instructor. Instructors, contact your Pearson representative for more information. |
| an economic resource of an entity is:: The General Theory of Eco-Social Science Jianfang Jin, 2014-11-25 The General Theory of Eco-Social Science has made fundamental changes to Social Science; it introduces five new theories to the field of humanities and social science. ECO-ENTITYAn Entirely New Sociology It lays out an all new system of ecological theory integrating the social and natural sciences. At its core is the new concept of the eco-entity, its roles and inner systems, its rules, operation laws and operating mechanism. ECO-RESOURCESNew Philosophy and Management It advances the concept of eco-resources, expanding to the social relations of human beings, and puts forth the new theories of the monist world outlook of eco-resources, the dichotomy between positive and negative eco-resources, and the strategic management of eco-resources, through which it reveals a new dimension to humanities and social sciences. ECOLOGICAL SOCIETYA Brand New Political Science It introduces the doctrine of an ecological society where the rule of law is replaced by the rule of organicism, and explains the operating principles and governance of the future ecological society. ECO-ECONOMICSA New Economics It demonstrates with flow charts the economic growth cycle. It depicts the laws of commodity value and eco-value. It stresses the organic inter-relations between the government and the market. The author systematically expounded the economic growth cycle, the starting point, the methods, the principles, the mechanisms and the formulas, in his eco-economy growth theory. ECO -CURRENCYA Complete New Theory of Currency It creates the new theory of Eco-currency, three basic attributes of currency and three major functions of currency. The author proposes a new eco-monetary policy: management of role currencies, or a visible hand in adjusting the economy. In addition, he also illustrates the elements of eco-currency, a new currency, in detail. |
| an economic resource of an entity is:: Introduction to Accounting Peter Scott, Peter (De Montfort University Scott, De Montfort University Former Principal Lecturer in Accounting and Finance), 2021-04 Practical and crystal clear, the second edition of Peter Scott's Introduction to Accounting and its accompanying online resources provide a supportive introduction to the subject, guiding students towards self-led practice.Reflecting current International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS), and with coverage on both financial and cost and management accounting, the author walks the student carefully through the essential material to ensure they develop a solid foundationfor more advanced modules. Scott's lively writing style sets the numerical content within an easy-to-follow narrative, and the relevance of each tool or technique is explained at every turn. A multitude of worked and real-life examples help students to connect with the concepts, while each chapterends with questions that are tiered according to difficulty to help students verify that they have mastered the essentials before progressing. Readers are directed towards additional support and exercises throughout to further encourage active participation and to prompt them to assess andconsolidate their knowledge.Digital formats and resources:The second edition is available for students and institutions to purchase in a variety of formats, and is supported by online resources.The e-book offers a mobile experience and convenient access along with functionality tools, navigation features, and links that offer extra learning support: www.oxfordtextbooks.co.uk/ebooksOnline student resources supporting the book include:- Interactive multiple-choice-questions for revising key topics;- Numerical exercises for practicing the calculation of accounting information from given sets of data;- 'Go back over this again' feature containing a mix of further examples, written exercises, true or false questions, and annotated accounting information to help consolidate learning and revise or revisit concepts;- 'Show me how to do it' videos that provide practical demonstrations of dealing with more complex accounting tasks; and- Web links for primary source material and articles through which readers can learn more about the companies and organizations discussed in the book.Online lecturer resources supporting the book include:- Quizzes. A test bank of over 500 ready-to-use questions, written specifically to match the book's content, giving lecturers the flexibility they need to manage, set and develop quizzes tailored to their course, and automatically graded to save time marking;- Gradebook. Automatically grades student responses to quizzes, while its visual heat maps provide at-a-glance information about student achievement and engagement; and- Course content. Additional material to support teaching, including a large double-entry case study, PowerPoint slides, and more examples and solutions. |
| an economic resource of an entity is:: Financial Accounting and Reporting I (UUM Press) Zaimah Abdullah, Hasnah Shaari, Sitraselvi a/p Chandren, Fathiyyah Abu Bakar, Arifatul Husna Mohd Ariff, Zakiyah Sharif, Rohaida Abdul Latif, Norfaiezah Sawandi, Nor Laili Hassan, Hamizi Hashim, 2020-02-01 There are 11 chapters in the FAR I course and this book focus on the essential 10 chapters. Each chapter contains learning objectives, an introduction, comprehensive discussion, summary and accompanied by practical and comprehensive illustrations with suggested solutions. To facilitate students understanding, a comprehensive set of revision questions are available at the end of each chapter with some clues to the answers. Written in simple English by experienced lecturers, students will find this book to be useful and friendly companion in their learning process. This book can also serves as a good and helpful teaching materials for lecturers. |
| an economic resource of an entity is:: Intermediate Accounting, Volume 2 Jerry J. Weygandt, Donald E. Kieso, Irene M. Wiecek, Terry D. Warfield, Bruce J. McConomy, 2022-03-14 Intermediate Accounting, 13th Canadian Edition has always been, and continues to be, the gold standard that helps connect students to the what, the why, and the how of accounting information. Through new edition updates, you will be able to spark efficient and effective learning and inspire and prepare students to be the accounting professionals of tomorrow. To help develop a deeper understanding of course concepts and move beyond basic understanding, students work through a high-quality assessment at varying levels, helping them learn more efficiently and create connections between topics and real-world application. This course also presents an emphasis on decision-making through Integrated Cases and Research and Analysis questions that allow students to analyze business transactions, apply both IFRS and ASPE, and explore how different accounting standards impact real companies. Throughout the course, students also work through a variety of hands-on activities including Data Analytics Problems, Analytics in Action features, Excel templates, and a new emphasis on sustainability, all within the chapter context. These applications help students develop an accounting decision-making mindset and improve the professional judgement and communication skills needed to be successful in the evolving accounting world. |
| an economic resource of an entity is:: Intermediate Accounting, Volume 2 Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy, 2019-04-08 Intermediate Accounting, 12th Edition, Volume 2, continues to be the number one intermediate accounting resource in the Canadian market. Viewed as the most reliable resource by accounting students, faculty, and professionals, this course helps students understand, prepare, and use financial information by linking education with the real-world accounting environment. This new edition now incorporates new data analytics content and up-to-date coverage of leases and revenue recognition. |
| an economic resource of an entity is:: Principles of Knowledge Auditing Patrick Lambe, 2023-05-02 A comprehensive theoretical and practical guide to the operating principles of knowledge auditing, illustrated with numerous case studies. A knowledge audit provides an “at a glance” view of an organization's needs and opportunities. Its purpose is to improve an organization's effectiveness through a better understanding of the dynamics and levers of knowledge production, access, and use. However, this developing field is hampered by the lack of a common language about the origins and nature of knowledge auditing. In Principles of Knowledge Auditing, Patrick Lambe integrates the theory and practices of the field, laying out principles and guidelines for a clearer and more pragmatic approach to knowledge auditing that makes it more accessible to practitioners and researchers. Lambe examines knowledge auditing in the context of the development of communications, information, and knowledge management in the twentieth century. He critiques and clarifies ambiguities in how knowledge audits are approached and described, as well as how the results are conveyed within organizations. He discusses the benefits and risks of knowledge management standards. Knowledge auditors, he says, need a common frame of reference more than they need standards. Standards have their uses, but they provide only markers and sign posts and are poor representations of the richness of the landscape. He concludes with a set of guiding principles for practitioners. |
| an economic resource of an entity is:: Accounting for Business 3e Peter Scott, 2019 Accounting for Business provides a crystal clear, accessible introduction to the core accounting topics non-specialist students need to master, helping them to apply accounting concepts to real business decisions. |
| an economic resource of an entity is:: Accounting: Business Reporting for Decision Making, 7th Edition Jacqueline Birt, Keryn Chalmers, Suzanne Maloney, Albie Brooks, Judy Oliver, David Bond, 2020-01-21 The seventh edition of Birt's Accounting textbook is designed for the core accounting unit in a business or commerce degree. Many students who plan to major in soft-side disciplines such as marketing or human resource management need a clear and accessible text that emphasises the relevance of accounting to business. The Accounting interactive e-text features a range of instructional media content designed to provide students with an engaging learning experience. This includes practitioner videos from Ernst & Young, animated work problems and questions with immediate feedback. Birt’s unique resource can also form the basis of a blended learning solution for lecturers. |
| an economic resource of an entity is:: WILEY Interpretation and Application of International Financial Reporting Standards 2010 Barry J. Epstein, Eva K. Jermakowicz, 2010-02-05 Your one-stop resource for understanding current International Financial Reporting Standards With widespread acceptance and use of the IASB standards around the globe, the need to understand the IASB standards greatly increases. Wiley IFRS 2010 provides the necessary tools for understanding the IASB standards and offers practical guidance and expertise on how to use and implement them. The Wiley IFRS 2010 Book and CD-ROM set covers the most recent International Financial Reporting Standards (IFRS) and IFRIC interpretations. In addition, it is an indispensable guide to IFRS compliance. Detailed coverage of all previously issued IAS and IFRS standards and Standing Interpretations Committee (SIC) and International Financial Reporting Interpretations Committee (IFRIC) Equally valuable for preparers, auditors, and users of financial reports Provides a complete explanation of all IFRS requirements, coupled with copious illustrations of how to apply the rules in complex, real-world fact situations Serves as a reference guide during actual implementation of IFRS and preparation of IFRS-based financial statements To optimize your understanding, both examples created to explain particular IFRS requirements and selections from actual published financial statements are provided throughout the book, illustrating all key concepts. |
| an economic resource of an entity is:: The Practice of Enterprise Modeling Jaap Gordijn, Wided Guédria, Henderik A. Proper, 2019-11-19 This volume constitutes the proceedings of the 12th IFIP WG 8.1 Conference on the Practice of Enterprise Modeling held in November 2019 in Luxembourg, Luxembourg. The conference was created by the International Federation for Information Processing (IFIP) Working Group 8.1 to offer a forum for knowledge transfer and experience sharing between the academic and practitioner communities. The 15 full papers accepted were carefully reviewed and selected from 35 submissions. They are grouped by the following topics: modeling and ontologies; reference architectures and patterns; methods for architectures and models; and enterprise architecture for security, privacy and compliance. |
| an economic resource of an entity is:: IFRS Primer International GAAP Basics Irene M. Wiecek, Nicola M. Young, 2009-10-19 The IFRS Primer: International GAAP Basics serves as a roadmap to provide guidance and a path through the period of transition to convergence of GAAP and international reporting standards for both students and instructors. As in introduction to International Financial Reporting Standards (IFRS), the IFRS Primer is a stand alone and logical supplement for use with existing U.S. introductory, intermediate, and advanced financial accounting textbooks. |
| an economic resource of an entity is:: Valuation Challenges and Solutions in Contemporary Businesses Köseo?lu, Sinem Derindere, 2019-11-29 Defining the value of an entire company can be challenging, especially for large, highly competitive business markets. While the main goal for many companies is to increase their market value, understanding the advanced techniques and determining the best course of action to maximize profits can puzzle both academic and business professionals alike. Valuation Challenges and Solutions in Contemporary Businesses provides emerging research exploring theoretical and practical aspects of income-based, market-based, and asset-based valuation approaches and applications within the financial sciences. Featuring coverage on a broad range of topics such as growth rate, diverse business, and market value, this book is ideally designed for financial officers, business professionals, company managers, CEOs, corporate professionals, academicians, researchers, and students seeking current research on the challenging aspects of firm valuation and an assortment of possible solution-driven concepts. |
| an economic resource of an entity is:: Financial Accounting Theory and Analysis Richard G. Schroeder, Myrtle W. Clark, Jack M. Cathey, 2019-10-01 Financial Accounting Theory and Analysis: Text and Cases, 13th Edition illustrates how accounting standards impact the daily decisions of accounting professionals. This authoritative textbook shows how accounting theory explains why particular companies select certain accounting methods over others, and predicts the attributes of firms by analyzing their accounting methods. The text examines empirical research relevant to various theories of accounting and the uses of accounting information, including the fundamental analysis model, the efficient markets hypothesis, the behavioral finance model, the positive accounting theory model, the human information processing model, and the value creation model. Enabling students to develop an informed perspective on accounting theory, the text reviews the development and current state of accounting theory and summarizes current disclosure requirements for various financial statement items. The new edition has been fully revised to reflect current methods of accounting education, including the incorporation of ethics into the curriculum, the analysis of a company’s quality of earnings and sustainable income, the use of the internet as a source of information, the international dimensions of accounting, and more. Designed for undergraduate and graduate accounting majors, the text aligns with the latest curriculum changes in the CPA exam. |
| an economic resource of an entity is:: Conceptual Modeling for New Information Systems Technologies Hiroshi Arisawa, 2002-09-18 This book constitutes the thoroughly refereed joint post-proceedings of four international workshops held in conjunction with the 20th International Conference on Conceptual Modeling, ER 2001, held in Yokohama, Japan in November 2001. The 37 revised full papers presented were carefully selected and improved during two rounds of reviewing and revision. In accordance with the respective workshops, the papers are organized in topical sections on conceptual modeling and human, organizational, and social aspects; data semantics in web information systems; conceptual modeling approaches for e-business; and global data modeling. |
| an economic resource of an entity is:: Transformation of Platform Governance in China Yuhao Jiang, Kai Jia, 2023-12-12 The admiration of science and technology and the emphasis on political stability are two sides of the same coin in China. Therefore, China is more likely to take aggressive measures to promote or inhibit platform development than the United States and the European Union. But the uncertainty in the decision-making process is worrisome and calls for a broader discussion of the multiple political consequences of technology. |
| an economic resource of an entity is:: CORPORATE FINANCIAL REPORTING AND ANALYSIS, SECOND EDITION Bhattacharyya, Asish K., 2019-05-01 The book provides an insight into the concepts pertaining to financial accounting in the most simplified way. With clear and concise presentation and systematic discussion of the concepts, the text helps in developing the basic understanding of corporate financial reporting. It explicates the accounting principles and methods stipulated in Ind AS, without going into too much detail to make the book useful to the students without previous accounting knowledge. Primarily, the book is intended as first course for the postgraduate students of management for their papers in Financial Reporting and Financial Statement Analysis. HIGHLIGHTS OF THE BOOK • Case study-based approach. • Ind AS revised up to April 30, 2019, including Ind AS 116. • Schedule III of the Companies Act, 2013. • Use of financial statements of HUL, Infosys and Suzlon for the year 2016–17 throughout the text to explain Schedule III, accounting principles and financial statement analysis. • Numerous illustrations and self-test questions (with answers) after each concept for students to assess their knowledge and grasping. • Chapter-end assignments including multiple choice questions, fill in the blanks, analytical questions and problems for practice. NEW TO THE EDITION Besides revised Ind AS, the book includes four new chapters in the second edition, which are as follows: • Financial Instruments (Ch 19) • Non-Financial Liabilities (Ch 20) • Business Combination and Consolidated Financial Statements (Ch 21) • Topical Issues (Ch 22) LEARNING RESOURCES Online Study Guide is available at at https://phindia.com/corporate_financial_reporting_bhattacharyya for adopting faculties, which comprises the following: • Solutions manual • Key ideas and chapter review slides • Additional assignments. However, additional assignments are accessible to the students as well. TARGET AUDIENCE • MBA • PGDM |
| an economic resource of an entity is:: Wiley IFRS 2016 PKF International Ltd, 2016-05-13 Accurately understand and implement the latest IFRS updates Wiley IFRS 2016 is your one-stop resource for understanding and implementing the current International Financial Reporting Standards as dictated by the International Accounting Standards Board (IASB). Fully updated to cover the latest standards and IFRIC interpretations, this book provides clear and concise explanation alongside practical implementation guidance. The information is organized by topic for ease of navigation, making it ideal for both quick reference and in-depth study, with general statement guidance followed by topic-specific discussion. The Disclosure Checklist helps you ensure full compliance at a glance, and advice for first-time adopters helps smooth the initial implementation process. The goal of the International Accounting Standards Board is to achieve global convergence of accounting standards, which will lead to uniformity in financial reporting around the world. Annual updates to the IFRS are a part of these efforts, so staying up to date is an essential part of compliance. This informative guide is your ideal reference, with the latest 2016 updates and practical advice. Understand the framework that unifies the IFRS Interpret and apply the standards correctly Verify compliance and completeness Get expert guidance on implementing the new and updated standard More and more countries around the globe are either adopting IFRS as their national standards, or adapting existing local standards to more closely align with those set by the IASB. Uniform reporting reduces the cost of financial statement preparation for multinational companies, and facilitates the jobs of investment analysts, investors, and others in assessing business results. Wiley IFRS 2016 gives you the explanation, interpretation, and practical guidance you need to ensure full compliance. |
| an economic resource of an entity is:: Wiley IFRS 2015 PKF International Ltd, 2015-01-16 The globally-sourced guide to the latest IFRS, with practical application advice Wiley IFRS 2015 is a complete guide to the latest International Financial Reporting Standards set forth by the International Accounting Standards Board. Written by an international team of experts in global accounting standards, this guide provides detailed information on the latest changes to the IFRS, with comprehensive coverage of IFRIC interpretations and the tools needed to maintain IFRS-compliance. Readers will find clear, concise explanations delineated by topic for easy navigation, designed for both quick reference in-depth study, with practical advice for implementing IFRS in real-life scenarios. The goal of the IASB is to achieve global convergence of accounting standards, reducing preparation costs and facilitating the assessment of business outcomes. The IFRS are a key part of the strategy, simplifying reporting for multinational corporations and the analysts and investors tasked with evaluating results. Wiley IFRS 2015 details the most recent changes to the standards, with expert guidance toward implementation. Readers will: Grasp the underlying framework of the International Financial Reporting Standards Understand how to interpret the standards and apply them in the real world Follow the Disclosure Checklist to verify completeness and IFRS compliance Learn from the experts when implementing IFRS for the first time More and more countries are either adopting IFRS or adapting local standards to align with those set by the IASB. The standards change annually, and failure to stay up to date can affect business strategy and outcomes, especially when working internationally. Wiley IFRS 2015 provides the latest information and expert guidance, helping practitioners match IFRS to real-world practice. |
| an economic resource of an entity is:: Managing Water as an Economic Resource James Winpenny, 2005-07-22 Water, already a scarce resource, is treated as though it were plentiful and free. The task of supplying enough water of the required quality to growing populations is straining authorities and governments to the limit as the economic and environmental costs of new supply sources escalate and wasteful supply, delivery and consumption systems persist. Managing Water as an Economic Resource argues that the root of the crisis is the failure of suppliers and consumers to treat water as a scarce commodity with an economic value. James Winpenny evaluates policies for the improved management of existing demand, and draws on case studies from different countries as he discusses how policies could be implemented to treat water as an economic good conferring major economic, financial and environmental benefits. |
| an economic resource of an entity is:: International GAAP 2008 Ernst & Young LLP, 2008-03-31 IFRSs, the standards set by the International Accounting Standards Board (IASB), are complex and sometimes obscure. Understanding their implications and applying them appropriately requires something special....and that is why International GAAP 2008 is the essential tool for anyone applying, auditing, interpreting, regulating, studying and teaching international financial reporting. It provides expert interpretation and practical guidance for busy professionals, and includes, in every chapter, detailed analysis of how complex financial reporting problems can be resolved appropriately and effectively. International GAAP 2008 is the only globally focused work on IFRSs. It is not constrained by any individual country’s legislation or financial reporting regulations, and it ensures an international consistency of approach unavailable elsewhere. It shows how difficult practical issues should be approached in the new complex global world of international financial reporting, where IFRSs have become the accepted financial reporting system in more than 120 countries. This integrated approach provides a unique level of authoritative material for anyone involved in preparing, interpreting or auditing company accounts, for regulators, academic researchers and for all students of accountancy. The International Financial Reporting Group of Ernst & Young includes financial reporting specialists from throughout the world. Complex technical accounting issues are explained clearly in a practical working context that enables immediate understanding of the point at issue. International GAAP 2008 is accompanied by numerous worked examples, a comprehensive discussion of the practical issues of the day and the possible alternative solutions available, and hundreds of practical illustrations taken from the actual financial statements of companies that report under IFRSs. The only globally focused work on IFRS giving an international consistency of approach unavailable elsewhere This new and essential volume of practical guidance and expert interpretation deals with every aspect of applying International Financial Reporting Standards (IFRS) appropriately and effectively Written by financial reporting experts from the International Financial Reporting Group of Ernst & Young Includes a new chapter on Extractive Industries (mining, oil & gas), the biggest industry sector in the world This new edition in the International GAAP® series serves as a successor to the same authors’ market-dominating UK GAAP and UK & International GAAP an important part to play in the process of promoting consistent, comparable and high quality financial reporting under IFRSs ... a book that not only provides an analysis of the requirements of the standards and the principles that they expound, but also presents a unique explanation of how the standards should be interpreted and applied in practice. —the Chairman of Trustees of the IASC Foundation Praise for previous editions in the International GAAP series: A standard reference work —Financial Times The definitive guide to financial reporting —The Times |
| an economic resource of an entity is:: Engineering Technology, Engineering Education and Engineering Management Deyao Tan, 2015-06-25 This volume contains papers presented at the International Conference on Engineering Technologies, Engineering Education and Engineering Management (ETEEEM 2014, Hong Kong, 15-16 November 2014). A wide variety of topics is included in the book: - Engineering Education - Education Engineering and Technology - Methods and Learning Mechanism |
| an economic resource of an entity is:: International Financial Reporting Alan Melville, 2019-05 'International Financial Reporting' delivers a focused, user-friendly introduction to international financial reporting and how to implement the IASB standards for undergraduate students. With more than 140 countries in the world now using international financial reporting standards (IFRSr Standards), knowledge of the standards issued by the International Accounting Standards Board (IASBr) is vital to students' success in financial accounting. Melville's International Financial Reporting employs a practical, applied approach in exploring and explaining the key international standards. With a focus on how to implement the standards, this text delivers a focused, user-friendly introduction to international financial reporting. Renowned for clear and concise language, this seventh edition brings the book completely up-to-date with international standards issued as of 1 January 2019. |
| an economic resource of an entity is:: Wiley IFRS 2017 PKF International Ltd, 2017-02-24 The one-stop resource for IFRS interpretation and application, updated for 2017 Wiley IFRS 2017 offers a complete resource for the interpretation and application of the latest International Financial Reporting Standards (IFRS) as outlined by the International Accounting Standards Board (IASB). With up-to-date coverage and a host of practical tools, this book provides invaluable guidance on the expanding framework for unified financial reporting. Organised for easy navigation, each chapter includes general statement information followed by topic-specific discussion to facilitate both quick-reference and in-depth study. The expert team at PKF International provides authoritative insight from a practitioner's perspective: IFRIC interpretations and practical real-world guidance ensure full understanding of the newest standards, and the Disclosure Checklist helps verify compliance. The IASB's efforts are paying off as more and more countries around the globe either adopt IFRS as their national standards, or adjust local standards in alignment. A working understanding of IFRS application is becoming essential, even as the rules continue to evolve. This book provides full coverage of the latest standards and thorough guidance for implementation. Review the latest IFRS rules and standards Apply guidelines and best practices appropriately Gain expert insight on IFRS interpretation and implementation Ensure compliance and verify completeness Uniform financial reporting reduces the costs of financial statement preparation for multinational companies, and streamlines the assessment of business results. As the standards themselves evolve, so must practitioners' understanding of how to apply them correctly in real-world cases. Wiley IFRS 2017 offers a complete, up-to-date reference to help you apply and comply with the latest international standards. |
| an economic resource of an entity is:: ACCA Approved - P2 Corporate Reporting (INT) (September 2017 to June 2018 exams) Becker Professional Education, 2017-04-15 ACCA Approved and valid for exams from 01 Sept 2017 up to 30 June 2018 - Becker's P2 Corporate Reporting (INT) Study Text has been approved and quality assured by the ACCA's examining team. |
STAFF PAPER June 2014 Conceptual Framework - IFRS
definition of an economic resource refers, in turn, to future economic benefits. This paper considers what guidance the Conceptual Framework should provide on economic resources …
Concepts Statement No. 8—Conceptual Framework for
For example, economic items and events, such as cash on hand or inventory, that meet the definitions of elements are not elements as the term is used in this chapter.
Applying IFRS - EY
The new definition clarifies that an asset is an economic resource, and that the potential economic benefits no longer need to be ‘expected’ to flow to the entity – they do not need to be certain …
Economic Resources (Claims) vs Assets (Liabilities)
In conceptual modeling of economic, accounting and financial reporting (FR), supply-chain and other enterprise architecture (EA) domains, the concepts of economic re-sources and assets, …
Entity's operations under the changes in the Conceptual …
In order to do business successfully, as well as to make optimal decisions, entity's management must be able to read, understand and analyze financial statements. Therefore, it is necessary …
Consultation on the definitions of an asset and of a liability
Consequently, the entity does not control the economic resource and it does not have an asset, nor does it have a liability because it has no obligation to transfer any economic resource that …
Economic Resources vs Assets - CEUR-WS.org
More specifically, Resource is defined as a type-level entity, capturing the role of an (agentive or non-agentive) object in the scope of a material relation or in the scope of an event [6].
Revised Conceptual Framework for Financial Reporting - PKF …
To make this assessment, users need information about how efficiently and effectively management has discharged its responsibilities to use the entity’s economic resources and …
Conceptual Framework: Definition of an asset - IFRS
An asset is a present economic resource.
Chapter 7 The Conceptual Framework
• The Framework defines a liability as 'a present obligation of the entity to transfer an economic resource as a result of past events’ (Conceptual Framework, para 4.2).
International Financial Reporting Standards - IFRS
To provide financial information about the reporting entity that is useful to existing and potential investors, lenders and other creditors in making decisions about providing resources to the …
STAFF PAPER 22 - Australian Accounting Standards Board
A liability of an entity is a present obligation of the entity to transfer an economic resource as a result of past events. An economic resource is an item that is capable of producing economic …
Extract from the IASC's Framework for reference when …
These are defined as follows: . An asset is a resource controlled by the entity as a result of past events and from which future economic benefits are expected to flow to the entity.
Review of the Conceptual Framework - IFRS
Does the resource or obligation exist? How likely is it that the resource (or obligation) will produce inflows or outflows? If no measurement of the asset or liability would result in a faithful …
Discussion IFRS News - Grant Thornton International Ltd. Home
The objective of general purpose financial reporting is to provide financial information about the reporting entity that is useful to existing and potential investors, lenders and other creditors in …
Chapter 4 and 5—the elements of financial statements ... - IFRS
A present economic resource controlled by the entity as a result of past events. A present obligation of the entity arising from past events, the settlement of which is expected to result in …
Conceptual Framework for Financial Reporting - IFRS
What are assets, liabilities, equity, income and expenses, when should they be recognised and how should they be measured, presented and disclosed? For example, it provides very little …
IFRS Viewpoint - Grant Thornton International Ltd. Home
The Conceptual Framework for Financial Reporting (2018) defines an asset as “a present economic resource controlled by the entity as a result of past events”, with an economic …
STAFF PAPER May 2014 - IFRS
As shown in table 1, the Discussion Paper suggested changing the definitions of an asset and of a liability to confirm explicitly that: an asset (or a liability) is a resource (or obligation), rather …
Conceptual Framework Elements 1: Asset Definition - IFRS
An asset of an entity is a present right, or other access, to an existing economic resource with the ability to generate economic benefits to the entity. Existing Definitions of an Asset
STAFF PAPER June 2014 Conceptual Framework - IFRS
definition of an economic resource refers, in turn, to future economic benefits. This paper considers what guidance the Conceptual Framework should provide on economic resources …
Concepts Statement No. 8—Conceptual Framework for
For example, economic items and events, such as cash on hand or inventory, that meet the definitions of elements are not elements as the term is used in this chapter.
Applying IFRS - EY
The new definition clarifies that an asset is an economic resource, and that the potential economic benefits no longer need to be ‘expected’ to flow to the entity – they do not need to be certain …
Economic Resources (Claims) vs Assets (Liabilities)
In conceptual modeling of economic, accounting and financial reporting (FR), supply-chain and other enterprise architecture (EA) domains, the concepts of economic re-sources and assets, …
Entity's operations under the changes in the Conceptual …
In order to do business successfully, as well as to make optimal decisions, entity's management must be able to read, understand and analyze financial statements. Therefore, it is necessary …
Consultation on the definitions of an asset and of a liability
Consequently, the entity does not control the economic resource and it does not have an asset, nor does it have a liability because it has no obligation to transfer any economic resource that …
Economic Resources vs Assets - CEUR-WS.org
More specifically, Resource is defined as a type-level entity, capturing the role of an (agentive or non-agentive) object in the scope of a material relation or in the scope of an event [6].
Revised Conceptual Framework for Financial Reporting
To make this assessment, users need information about how efficiently and effectively management has discharged its responsibilities to use the entity’s economic resources and …
Conceptual Framework: Definition of an asset - IFRS
An asset is a present economic resource.
Chapter 7 The Conceptual Framework
• The Framework defines a liability as 'a present obligation of the entity to transfer an economic resource as a result of past events’ (Conceptual Framework, para 4.2).
International Financial Reporting Standards - IFRS
To provide financial information about the reporting entity that is useful to existing and potential investors, lenders and other creditors in making decisions about providing resources to the …
STAFF PAPER 22 - Australian Accounting Standards Board
A liability of an entity is a present obligation of the entity to transfer an economic resource as a result of past events. An economic resource is an item that is capable of producing economic …
Extract from the IASC's Framework for reference when …
These are defined as follows: . An asset is a resource controlled by the entity as a result of past events and from which future economic benefits are expected to flow to the entity.
Review of the Conceptual Framework - IFRS
Does the resource or obligation exist? How likely is it that the resource (or obligation) will produce inflows or outflows? If no measurement of the asset or liability would result in a faithful …
Discussion IFRS News - Grant Thornton International Ltd. Home
The objective of general purpose financial reporting is to provide financial information about the reporting entity that is useful to existing and potential investors, lenders and other creditors in …
Chapter 4 and 5—the elements of financial statements ... - IFRS
A present economic resource controlled by the entity as a result of past events. A present obligation of the entity arising from past events, the settlement of which is expected to result in …
Conceptual Framework for Financial Reporting - IFRS
What are assets, liabilities, equity, income and expenses, when should they be recognised and how should they be measured, presented and disclosed? For example, it provides very little …
IFRS Viewpoint - Grant Thornton International Ltd. Home
The Conceptual Framework for Financial Reporting (2018) defines an asset as “a present economic resource controlled by the entity as a result of past events”, with an economic …
STAFF PAPER May 2014 - IFRS
As shown in table 1, the Discussion Paper suggested changing the definitions of an asset and of a liability to confirm explicitly that: an asset (or a liability) is a resource (or obligation), rather …
Conceptual Framework Elements 1: Asset Definition - IFRS
An asset of an entity is a present right, or other access, to an existing economic resource with the ability to generate economic benefits to the entity. Existing Definitions of an Asset
