Under the Former AASB 1012 There Were Two Methods of Translation

question 35

True/False

Under the former AASB 1012 there were two methods of translation of the accounts of foreign operations; the method being used being dependent upon the whether these operations are integrated or self-sustaining:

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Definitions:

Norms

The unwritten rules or expectations that govern the behavior of members within a society or group, guiding what is considered acceptable or customary.

Institutional Racism

"The manipulation of social institutions to give preferences and advantages to Whites and at the same time restrict the choices, rights, mobility, and access of people of color."

Accountability

The obligation of an individual or organization to account for its activities, accept responsibility for them, and to disclose the results in a transparent manner.

Institutional Racism

A system of policies and practices entrenched in established institutions, which result in the unfair disadvantage to individuals or groups based on race.