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.
This traditional date is still followed by the Anglican Church and Lutheran Church, where Christmastide, commonly called the Twelve Days of Christmas, lasts 12 days, from 25 December to 5 January, the latter date being named as Twelfth Night. However, the ending is defined differently by some Christian denominations. In 1969, the Roman Rite of the Catholic Church expanded Christmastide by a variable number of days: Christmas Time runs from... up to and including the Sunday after Epiphany or after 6 January..