AASB 124 Requires Disclosure Of

question 2

Multiple Choice

AASB 124 requires disclosure of:

• A) all material related party transactions only.
• B) all material transactions with directors and its close family members.
• C) all material related party transactions except those derived by virtue of normal dealings with a customer.
• D) All of the given answers.
• E) all material related party transactions only and all material transactions with directors and its close family members.

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Definitions:

Self-evaluations

The process by which individuals assess their own performance, strengths, and areas for improvement.

Evaluation Interviews

Structured interactions where an individual's performance, preferences, or capabilities are assessed through dialogue.

Performance Appraisal

A systematic evaluation of an employee’s performance in terms of job requirements, often used as a basis for decisions regarding promotions, salary adjustments, and development needs.

Expected Job Performance

The standard or level of work output that is anticipated from an employee by their employer.