Examlex
PHI stands for "private health information."
AASB 16
An accounting standard issued by the Australian Accounting Standards Board that specifies the principles for the recognition, measurement, presentation, and disclosure of leases.
IFRS 16
International Financial Reporting Standard that specifies how leases are recognized, measured, presented, and disclosed in financial statements.
Underlying Asset
An asset on which a derivative's price is based, determining its value and performance.
Operating Lease Arrangement
A contract that allows for the use of an asset but does not transfer ownership rights of the asset to the lessee.
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