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Nature
The fundamental qualities or characteristics of something, indicating its intrinsic properties or tendencies.
AASB 108/IAS 8
An international financial reporting standard that focuses on accounting policies, changes in accounting estimates, and errors.
Accounting Policy
Individual tenets, underpinnings, traditions, legislations, and tactics utilized by an establishment in crafting and showcasing its financial accounts.
Relevant Information
Data or facts that are applicable to a situation or problem, and can influence decision-making processes.
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Q88: Many macro actions require additional information, called