According to AASB 101/IAS 1 Presentation of Financial Statements, a Required

question 29

Multiple Choice

According to AASB 101/IAS 1 Presentation of Financial Statements, a required format for the presentation of a statement of financial position is:

• A) not prescribed and no guidance is provided in the standard.
• B) not prescribed but guidance is provided in the standard for a suitable format.
• C) prescribed by the standard.
• D) prescribed by the Corporations Act.

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Definitions:

Occupational Health Nurse

A nurse specializing in the prevention and management of workplace injuries and illnesses, promoting health and safety practices.

First Trimester

The initial phase of pregnancy, encompassing the first three months, critical for the development of the fetus.

Safety Hazard

A source of potential injury or harm to individuals, which could result from environmental, chemical, mechanical, or physical conditions.

Risk for Falls

The likelihood that an individual may experience an unintentional descent from a higher to a lower position, potentially resulting in injury.