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Present Value
The current worth of a future sum of money or stream of cash flows, given a specified rate of return. Present value considers the time value of money.
Discounted Future
Refers to the process of estimating the present value of an expected future cash flow by applying a discount rate to account for the time value of money.
Australian Accounting Standards
Rules and guidelines set by the Australian Accounting Standards Board (AASB) that govern how financial reporting is conducted in Australia.
IASB
Stands for International Accounting Standards Board, responsible for developing International Financial Reporting Standards (IFRS).
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