Since It Deals Strictly with Numbers, the Practice of Accounting

question 46

True/False

Since it deals strictly with numbers, the practice of accounting is free from ethical obligations.

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Definitions:

Enterprise Bargaining Agreement

A collective industrial agreement between employers and employees on terms and conditions of employment, typically negotiated at the enterprise level.

Relevant Employee Union

A labor organization that represents the interests of workers within a specific industry or company.

AASB 119

An Australian Accounting Standard that specifies the accounting for employee benefits, including pensions and other post-employment benefits.

Long Service Leave

An employee benefit offering paid leave to employees who have served a particular period of time with the same employer or industry.