المساعد الشخصي الرقمي

مشاهدة النسخة كاملة : Encouraged additional disclosures



محاسب متخصص
08-11-2014, 07:04 AM
FINANCIAL REPORTING UNDER THE CASH BASIS OF
ACCOUNTING PART 2: ENCOURAGED ADDITIONAL
DISCLOSURES
2.1 Encouraged Additional Disclosures
Definitions
2.1.1 The following terms are used in this part of the Standard with the meanings
specified:
Accrual basis means a basis of accounting under which transactions and other
events are recognized when they occur (and not only when cash or its
equivalent is received or paid). Therefore, the transactions and events are
recorded in the accounting records and recognized in the financial statements
of the periods to which they relate. The elements recognized under accrual
accounting are assets, liabilities, net assets/equity, revenue and expenses.
Assets are resources controlled by an entity as a result of past events and from
which future economic benefits or service potential are expected to flow to the
entity.
Borrowing costs are interest and other expenses incurred by an entity in
connection with the borrowing of funds.
Closing rate is the spot exchange rate at the reporting date.
Distributions to owners are future economic benefits or service potential
distributed by the entity to all or some of its owners, either as a return on
investment or as a return of investment.
Expenses are decreases in economic benefits or service potential during the
reporting period in the form of outflows or consumption of assets or
incurrences of liabilities that result in decreases in net assets/equity, other
than those relating to distributions to owners.
Extraordinary items are (for the purposes of this Standard) cash flows that
arise from events or transactions that are clearly distinct from the ordinary
activities of the entity, are not expected to recur frequently or regularly and
are outside the control or influence of the entity.
A financial asset is any asset that is:
(a) Cash;
(b) A contractual right to receive cash or another financial asset from
another entity;
(c) A contractual right to exchange financial instruments with another entity
under conditions that are potentially favorable; or
(d) An equity instrument of another entity.