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AASB 137
refers to an Australian accounting standard concerning the recognition and measurement of provisions, contingent liabilities, and contingent assets.
Financial Effect
The impact of financial transactions and events on the financial statements of an organization, altering its financial condition or performance.
Uncertainties
Situations or elements with unpredictable outcomes, often affecting decision-making and planning in business and science.
Expected Outflows
The projected cash or resource outflows from a business or specific project, often used in financial planning or investment analysis.
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