Examlex
All of the following statements are true regarding IAS 7, except:
Disaster Risk
The potential loss or damage that could occur as a result of a disaster event, taking into account both the hazard and the vulnerability of the affected area.
Financial Loss
The condition of having less money or resources at the end of a period than at the beginning, typically as a result of expenses exceeding income.
Super-Event
A major event or happening that has significant, often transformative effects on the societies, economies, or environments it impacts.
Disaster Risk
The potential loss or damage that could occur to a system, society, or community in a specific period due to disasters.
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