...future economic benefits' (p 20). IASC ( 1988): 'An asset is a resource controlled by the enterprise as a result of past events and from which future economic benefits are expected to flow to the enterprise'. (Exposure draft: Framework for the Preparation and Presentation of Financial Statements.)...

...Presentation of Financial Statements (IASC, 1995): • an asset is a resource controlled by the enterprise as a result of past events and from which future economic benefits are expected to flow to the enterprise; • a liability is a present obligation of the enterprise arising from past events, the...

...related to the measurement of the financial position: • Assets: Resources controlled by the enterprise as a result of past events and from which future economic benefits are expected to flow to the enterprise. • Liabilities: Present obligations of an enterprise arising from past events, the settlement...

...others, or for administrative purposes and that are identifiable, that are controlled by an enterprise as a result of past events, and from which future economic benefits are expected to flow to the enterprise. The definition of intangible assets requires that the asset be identifiable in order to...

...erfüllenden Definitionsmerkmale gebunden: „An asset is a resource controlled by the enterprise äs a result of past events and from which future economic benefits are expected to flow to the enterprise"735. Die Definition eines assets nach den IAS stellt in Anlehnung an die Konzeption des...

...Liabilities Article 66 Liabilities are present obligations of an enterprise arising from past transaction or events and from which future economic benefits are expected to flow to the enterprise. Article 67 Liabilities are classified into current liabilities and long-term liabilities....

...Financial Statements defines and requires recognition of assets as 'a resource controlled by the enterprise as a result of past events and from which future economic benefits arc expected to flow to the enterprise' (paragraph 49(a)). Paragraph 83 limits the recognition of any...

...recognised in the financial statements. The following definitions are included in the framework: - asset: a resource controlled by the entity as a result of...economic benefits are expected to flow to the entity; - liability: a present obligation of the entity arising from past events, the settlement of which is...

...statements are directly related to the measurement of the financial position: • Assets. Resources controlled by the entity as a result of past events...economic benefits are expected to flow to the entity • Liabilities. Present obligations of an entity arising from past events, the settlement of which...

...092 123 701 COMMENTARY • Definitions AC 000.49(a) • Asset - resource controlled by the enterprise as a result of past events and • from which future economic benefits are expected to flow to the enterprise. AC 000.49 (b) • Liability - present obligation of the enterprise arising from past events,...