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Definition
| Probable future economic benefits obtained or controlled by a particular entity as a result of past events or transactions. |
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Term
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Definition
| Probable future sacrifices of economic benefits due to present obligations of a particular entity to transfer assets or to provide services to other entities in the future as a result of past transactions or events. |
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Term
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Definition
| Residual interest in the assets of an entity that remains after deducting it's liabilities. |
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Term
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Definition
| Increases in net assets of a particular enterprise resulting from transfers to it from other entities of something of value to obtain or increase ownership interests in it. |
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Term
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Definition
| Decreases in net assets of a particular enterprise resulting from transferring assets, rendering services, or incurring liabilities by the enterprise to owners. Distributions decrease ownership interests in an enterprise. |
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Term
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Definition
| Change in equity (net assets) of an entity during a period from transactions and other events and circumstances from non-owner sources. |
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Term
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Definition
| Inflows or other enhancements of assets of an entity or settlement of its liabilities during a period from delivering or producing goods, rendering services, or other activities that constitute the entities ongoing major or central operations. |
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Term
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Definition
| Outflows or other using up of assets of an entity or incurrences of liabilities during a period resulting from delivering or producing goods, or providing services or anything else that constitutes the ongoing major or central operations. |
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Term
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Definition
| Increases in equity from peripheral or incidental transactions of an entity and from all other events and circumstances affecting the entity during a period except those that result from revenues or investments by owners. |
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Term
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Definition
| Decrease in equity from peripheral and incidental transactions of an entity and from all other transactions and other events and circumstances affecting the entity during a period except those resulting from expenses and distributions to owners. |
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