AASB 114 - Segment Reporting - July 2004
Definitions from Other Australian AccounDefinitions from Other Australian Accounting Standards
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Definitions from Other Australian Accounting Standards
- The following terms are used in this Standard with the meanings specified in AASB 107 Cash Flow Statements; AASB 108 Accounting Policies, Changes in Accounting Estimates and Errors; and AASB 118 Revenue.
Operating activities are the principal revenue-producing activities of an entity and other activities that are not investing or financing activities.
Accounting policies are the specific principles, bases, conventions, rules and practices applied by an entity in preparing and presenting financial reports.
Revenue is the gross inflow of economic benefits during the period arising in the course of the ordinary activities of an entity when those inflows result in increases in equity, other than increases relating to contributions from equity participants.
Aus8.1 The following term is also used in this Standard with the meaning specified.
Not-for-profit entity means an entity whose principal objective is not the generation of profit. A not-for-profit entity can be a single entity or a group of entities comprising the parent and each of the entities that it controls.