The Disclosures Required by AASB 124 for Key Management Personnel

question 47

Multiple Choice

The disclosures required by AASB 124 for key management personnel include:

• A) The name of the person.
• B) The position held.
• C) Dates identifying the period of responsibility.
• D) All of the given answers.
• E) The name of the person and the position held.

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Definitions:

Vocation

A person's employment or main occupation, especially regarded as worthy and requiring dedication.

Electronic Means

The use of electronic devices or systems, such as computers and the Internet, for communication or executing transactions.

Questionable Enforceability

Questionable enforceability refers to the uncertain legal status of a contract or clause, where its compliance with law or ability to be upheld in court is doubtful.

Writing Requirements

Legal stipulations that certain agreements, contracts, or transactions must be documented in writing to be legally enforceable.