To resolve implementation issues, this Statement: 1  Establishes criteria beyond that previously specified in Statement 121 to determine when a long-lived asset is held for sale, including a group of assets and liabilities that represents the unit of accounting for a long-lived asset classified as held for sale.
Christmas Day in Australia. Christmas Day falls on December 25 and is an occasion for Christians to celebrate the birth of Jesus. Many people, even if they are not Christian, give each other gifts, prepare special meals and decorate their homes at this time of year.
In some traditions, the first day of Christmas begins on the evening of December 25th with the following day considered the First Day of Christmas (December 26th). In these traditions, the twelve days begin December 26 and include Epiphany on January 6. The origin and counting of the Twelve Days is complicated, and is related to differences in calendars, church traditions, and ways to observe this holy day in various cultures (see Christmas).