This appendix is an integral part of the IFRS Accounting Standard.
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"aggregation" |
The adding together of assets, liabilities, equity, income, expenses or cash flows that share characteristics and are included in the same classification |
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"classification" |
The sorting of assets, liabilities, equity, income, expenses and cash flows based on shared characteristics |
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"disaggregation" |
The separation of an item into component parts that have characteristics that are not shared |
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"general purpose financial reports" |
Reports that provide financial information about a reporting entity that is useful to primary users in making decisions relating to providing resources to the entity. Those decisions involve decisions about: (a) buying, selling or holding equity and debt instruments; (b) providing or selling loans and other forms of credit; or (c) exercising rights to vote on, or otherwise influence, the entity's management's actions that affect the use of the entit |