Financial Reporting
Term Page Module # Module
Copyright 2020 - Study Shortcut
AASB standards (AASB) 5 1 Role and
accounting estimates 72 2 Presenta
accounting policies 68 2 Presenta
accounting policies 452 Glossary Glossary
accrual basis 14 1 Role and
accrual basis 65 2 Presenta
accrual basis 452 Glossary Glossary
acquiree 223 5 Business
acquiree 452 Glossary Glossary
acquirer 223 5 Business
acquirer 452 Glossary Glossary
acquisition date 226 5 Business
acquisition method 222 5 Business
acquisition method 452 Glossary Glossary
acquisitions and disposals (s3.1) 110 2 Presenta
active market 452 Glossary Glossary
adjusted market assessment approach 452 Glossary Glossary
adjusting event 452 Glossary Glossary
adjusting event 75 2 Presenta
aggregation 65 2 Presenta
amortisation 137 3 Custome
amortised cost 30 1 Role and
amortised cost 452 Glossary Glossary
amortised cost measurement of financial liabilities 335 6 Financia
asset 452 Glossary Glossary
asset 22 1 Role and
Assets carried at revalued amounts (s4.7) 192 4 Income T
associate 279 5 Business
associate 452 Glossary Glossary
ASX (Australian Securities Exchange) 310 6 Financia
Australian Accounting Standards Board (AASB) 5 1 Role and
Australian Securities and Investments Commission (ASIC) 10 1 Role and
Australian Securities Exchange (ASX) 310 6 Financia
balance sheet method 158 4 Income T
bargain purchase (recognising goodwill) 229 5 Business
basis for conclusions 6 1 Role and
Basis of equity method (s5.12) 281 5 Business
business combination 452 Glossary Glossary
business combination 222 5 Business
business model 326 6 Financia
carrying amount 25 1 Role and
carrying amount 164 4 Income T
carrying amount 452 Glossary Glossary
cash and cash equivalents 100 2 Presenta
cash and cash equivalents 452 Glossary Glossary
cash flow hedges 349 6 Financia
cash flows investing 101 2 Presenta
cash flows net basis 104 2 Presenta
cash-generating unit (CGU) 452 Glossary Glossary
cash-generating unit (CGU) 392 7 Impairme
cash-settled share-based payment transaction 48 1 Role and
cash-settled share-based payment transaction 452 Glossary Glossary
CGU (cash-generating units) 392 7 Impairme
classification (s6.9) (financial liabilities) 326 6 Financia
Classification of financial assets (s6.8) 323 6 Financia
Classification of Financial Assets and Financial Liabilities 323 6 Financia
collateral / credit enhancements 363 6 Financia
collateral transfers of financial assets 319 6 Financia
, Financial Reporting
Term Page Module # Module
Copyright 2020 - Study Shortcut
contingent liabilities IAS 37 152 3 Custome
contingent liability 452 Glossary Glossary
contract 121 3 Custome
contract 452 Glossary Glossary
Contract costs (s3.2) 136 3 Custome
contract modification 123 3 Custome
contract modification 452 Glossary Glossary
contracts to buy or sell non-financial items 307 6 Financia
contractual cash flows (principal and interest) 324 6 Financia
contractual rights 305 6 Financia
control (concept of control) 243 5 Business
corporate assets 453 Glossary Glossary
Corporations Act 2001 5 1 Role and
cost constraint 20 1 Role and
cost method vs equity method 282 5 Business
cost of disposal 453 Glossary Glossary
cost to fulfil a contract 137 3 Custome
costs of disposal 34 1 Role and
costs of disposal 380 7 Impairme
credit exposure 359 6 Financia
credit risk 338 6 Financia
credit risk 361 6 Financia
credit risk 453 Glossary Glossary
criteria for disclosure 52 1 Role and
cross-currency swap 453 Glossary Glossary
cross-currency swap 311 6 Financia
current assets 453 Glossary Glossary
current cost 33 1 Role and
current cost (of a liability) 453 Glossary Glossary
current cost (of an asset) 453 Glossary Glossary
current liabilities 453 Glossary Glossary
current rates 37 1 Role and
current tax 453 Glossary Glossary
Current tax (s4.2) 161 4 Income T
current tax asset 453 Glossary Glossary
current tax expense 212 4 Income T
current tax liability 453 Glossary Glossary
customer 453 Glossary Glossary
customer relationship management (CRM) 120 3 Custome
deductible temporary differences 179 4 Income T
deductible temporary differences 453 Glossary Glossary
deferred tax 209 4 Income T
deferred tax 453 Glossary Glossary
Deferred tax (s4.3) 163 4 Income T
deferred tax arising from business combinations 235 5 Business
deferred tax assets 165 4 Income T
deferred tax assets 453 Glossary Glossary
deferred tax liabilities 165 4 Income T
deferred tax liabilities 453 Glossary Glossary
deferred tax revaluation 193 4 Income T
depreciation adjustments 252 5 Business
Depreciation and amortisation (s3.2) 110 2 Presenta
Derecognition of a financial liability (s6.7) 319 6 Financia
derecognition of assets 26 1 Role and
derivative financial instrument 453 Glossary Glossary
derivative financial instrument 308 6 Financia
derivative instruments 342 6 Financia
derivatives 308 6 Financia
, Financial Reporting
Term Page Module # Module
Copyright 2020 - Study Shortcut
embedded derivative 454 Glossary Glossary
embedded derivative 327 6 Financia
embedded derivative 342 6 Financia
employee benefits 43 1 Role and
entity’s performance 134 3 Custome
entity-specific value 35 1 Role and
equity 23 1 Role and
equity 306 6 Financia
equity 454 Glossary Glossary
equity disclosure (changes) 91 2 Presenta
equity instrument 305 6 Financia
equity instrument 454 Glossary Glossary
equity interest 306 6 Financia
equity method 279 5 Business
equity method 454 Glossary Glossary
equity method vs cost method 282 5 Business
equity-settled share-based payment transaction 48 1 Role and
equity-settled share-based payment transaction 454 Glossary Glossary
events after reporting period 75 2 Presenta
executory contracts 42 1 Role and
executory contracts 454 Glossary Glossary
expected cost plus a margin approach 131 3 Custome
expected cost plus a margin approach 454 Glossary Glossary
expected future cash flows 381 7 Impairme
expenses 24 1 Role and
expenses 454 Glossary Glossary
External Reporting Board (XRB) of New Zealand 8 1 Role and
fair value 331 6 Financia
fair value 359 6 Financia
fair value 380 7 Impairme
fair value 454 Glossary Glossary
fair value less costs of disposal 34 1 Role and
fair value less costs of disposal 454 Glossary Glossary
fair value measurement 32 1 Role and
fair value option 347 6 Financia
faithful representation 17 1 Role and
faithful representation 454 Glossary Glossary
finance lease 454 Glossary Glossary
Financial Accounting Standards Board (FASB) 10 1 Role and
financial asset 454 Glossary Glossary
financial asset 304 6 Financia
financial asset 367 6 Financia
financial asset (categories of) 357 6 Financia
financial asset (classification of) 323 6 Financia
financial asset (derecognition) 313 6 Financia
financial asset (recognition) 313 6 Financia
financial asset (sale of) 314 6 Financia
financial guarantee contracts 454 Glossary Glossary
financial instrument 454 Glossary Glossary
financial instrument 302 6 Financia
financial instrument 307 6 Financia
financial instrument (definition) 304 6 Financia
financial liability 306 6 Financia
financial liability 454 Glossary Glossary
financial liability (categories of) 357 6 Financia
financial liability (derecognition) 313 6 Financia
financial liability (modification of) 321 6 Financia
financial liability (recognition) 313 6 Financia
Term Page Module # Module
Copyright 2020 - Study Shortcut
AASB standards (AASB) 5 1 Role and
accounting estimates 72 2 Presenta
accounting policies 68 2 Presenta
accounting policies 452 Glossary Glossary
accrual basis 14 1 Role and
accrual basis 65 2 Presenta
accrual basis 452 Glossary Glossary
acquiree 223 5 Business
acquiree 452 Glossary Glossary
acquirer 223 5 Business
acquirer 452 Glossary Glossary
acquisition date 226 5 Business
acquisition method 222 5 Business
acquisition method 452 Glossary Glossary
acquisitions and disposals (s3.1) 110 2 Presenta
active market 452 Glossary Glossary
adjusted market assessment approach 452 Glossary Glossary
adjusting event 452 Glossary Glossary
adjusting event 75 2 Presenta
aggregation 65 2 Presenta
amortisation 137 3 Custome
amortised cost 30 1 Role and
amortised cost 452 Glossary Glossary
amortised cost measurement of financial liabilities 335 6 Financia
asset 452 Glossary Glossary
asset 22 1 Role and
Assets carried at revalued amounts (s4.7) 192 4 Income T
associate 279 5 Business
associate 452 Glossary Glossary
ASX (Australian Securities Exchange) 310 6 Financia
Australian Accounting Standards Board (AASB) 5 1 Role and
Australian Securities and Investments Commission (ASIC) 10 1 Role and
Australian Securities Exchange (ASX) 310 6 Financia
balance sheet method 158 4 Income T
bargain purchase (recognising goodwill) 229 5 Business
basis for conclusions 6 1 Role and
Basis of equity method (s5.12) 281 5 Business
business combination 452 Glossary Glossary
business combination 222 5 Business
business model 326 6 Financia
carrying amount 25 1 Role and
carrying amount 164 4 Income T
carrying amount 452 Glossary Glossary
cash and cash equivalents 100 2 Presenta
cash and cash equivalents 452 Glossary Glossary
cash flow hedges 349 6 Financia
cash flows investing 101 2 Presenta
cash flows net basis 104 2 Presenta
cash-generating unit (CGU) 452 Glossary Glossary
cash-generating unit (CGU) 392 7 Impairme
cash-settled share-based payment transaction 48 1 Role and
cash-settled share-based payment transaction 452 Glossary Glossary
CGU (cash-generating units) 392 7 Impairme
classification (s6.9) (financial liabilities) 326 6 Financia
Classification of financial assets (s6.8) 323 6 Financia
Classification of Financial Assets and Financial Liabilities 323 6 Financia
collateral / credit enhancements 363 6 Financia
collateral transfers of financial assets 319 6 Financia
, Financial Reporting
Term Page Module # Module
Copyright 2020 - Study Shortcut
contingent liabilities IAS 37 152 3 Custome
contingent liability 452 Glossary Glossary
contract 121 3 Custome
contract 452 Glossary Glossary
Contract costs (s3.2) 136 3 Custome
contract modification 123 3 Custome
contract modification 452 Glossary Glossary
contracts to buy or sell non-financial items 307 6 Financia
contractual cash flows (principal and interest) 324 6 Financia
contractual rights 305 6 Financia
control (concept of control) 243 5 Business
corporate assets 453 Glossary Glossary
Corporations Act 2001 5 1 Role and
cost constraint 20 1 Role and
cost method vs equity method 282 5 Business
cost of disposal 453 Glossary Glossary
cost to fulfil a contract 137 3 Custome
costs of disposal 34 1 Role and
costs of disposal 380 7 Impairme
credit exposure 359 6 Financia
credit risk 338 6 Financia
credit risk 361 6 Financia
credit risk 453 Glossary Glossary
criteria for disclosure 52 1 Role and
cross-currency swap 453 Glossary Glossary
cross-currency swap 311 6 Financia
current assets 453 Glossary Glossary
current cost 33 1 Role and
current cost (of a liability) 453 Glossary Glossary
current cost (of an asset) 453 Glossary Glossary
current liabilities 453 Glossary Glossary
current rates 37 1 Role and
current tax 453 Glossary Glossary
Current tax (s4.2) 161 4 Income T
current tax asset 453 Glossary Glossary
current tax expense 212 4 Income T
current tax liability 453 Glossary Glossary
customer 453 Glossary Glossary
customer relationship management (CRM) 120 3 Custome
deductible temporary differences 179 4 Income T
deductible temporary differences 453 Glossary Glossary
deferred tax 209 4 Income T
deferred tax 453 Glossary Glossary
Deferred tax (s4.3) 163 4 Income T
deferred tax arising from business combinations 235 5 Business
deferred tax assets 165 4 Income T
deferred tax assets 453 Glossary Glossary
deferred tax liabilities 165 4 Income T
deferred tax liabilities 453 Glossary Glossary
deferred tax revaluation 193 4 Income T
depreciation adjustments 252 5 Business
Depreciation and amortisation (s3.2) 110 2 Presenta
Derecognition of a financial liability (s6.7) 319 6 Financia
derecognition of assets 26 1 Role and
derivative financial instrument 453 Glossary Glossary
derivative financial instrument 308 6 Financia
derivative instruments 342 6 Financia
derivatives 308 6 Financia
, Financial Reporting
Term Page Module # Module
Copyright 2020 - Study Shortcut
embedded derivative 454 Glossary Glossary
embedded derivative 327 6 Financia
embedded derivative 342 6 Financia
employee benefits 43 1 Role and
entity’s performance 134 3 Custome
entity-specific value 35 1 Role and
equity 23 1 Role and
equity 306 6 Financia
equity 454 Glossary Glossary
equity disclosure (changes) 91 2 Presenta
equity instrument 305 6 Financia
equity instrument 454 Glossary Glossary
equity interest 306 6 Financia
equity method 279 5 Business
equity method 454 Glossary Glossary
equity method vs cost method 282 5 Business
equity-settled share-based payment transaction 48 1 Role and
equity-settled share-based payment transaction 454 Glossary Glossary
events after reporting period 75 2 Presenta
executory contracts 42 1 Role and
executory contracts 454 Glossary Glossary
expected cost plus a margin approach 131 3 Custome
expected cost plus a margin approach 454 Glossary Glossary
expected future cash flows 381 7 Impairme
expenses 24 1 Role and
expenses 454 Glossary Glossary
External Reporting Board (XRB) of New Zealand 8 1 Role and
fair value 331 6 Financia
fair value 359 6 Financia
fair value 380 7 Impairme
fair value 454 Glossary Glossary
fair value less costs of disposal 34 1 Role and
fair value less costs of disposal 454 Glossary Glossary
fair value measurement 32 1 Role and
fair value option 347 6 Financia
faithful representation 17 1 Role and
faithful representation 454 Glossary Glossary
finance lease 454 Glossary Glossary
Financial Accounting Standards Board (FASB) 10 1 Role and
financial asset 454 Glossary Glossary
financial asset 304 6 Financia
financial asset 367 6 Financia
financial asset (categories of) 357 6 Financia
financial asset (classification of) 323 6 Financia
financial asset (derecognition) 313 6 Financia
financial asset (recognition) 313 6 Financia
financial asset (sale of) 314 6 Financia
financial guarantee contracts 454 Glossary Glossary
financial instrument 454 Glossary Glossary
financial instrument 302 6 Financia
financial instrument 307 6 Financia
financial instrument (definition) 304 6 Financia
financial liability 306 6 Financia
financial liability 454 Glossary Glossary
financial liability (categories of) 357 6 Financia
financial liability (derecognition) 313 6 Financia
financial liability (modification of) 321 6 Financia
financial liability (recognition) 313 6 Financia
