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The approach to addressing smallpox was based on:
Valuation
The process of determining the present value of an asset or company based on earnings, assets, and other relevant factors.
AASB 110
The Australian Accounting Standards Board standard that provides the guidelines for the treatment of events after the reporting period, including their recognition and disclosure in financial statements.
Adjusting Event
An event occurring after the reporting period that provides additional evidence about conditions that existed at the end of the reporting period.
Non-Adjusting Event
An event that occurs after the reporting period that does not necessitate adjustments to the financial statements because it does not provide new information about conditions at the end of the reporting period.
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