The Access to Data and Ability to Manipulate Data (Frequently

question 25

True/False

The access to data and ability to manipulate data (frequently including real-time data) are key elements of business intelligence (BI) systems.

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Definitions:

AASB 119

The Australian Accounting Standards Board standard which outlines the accounting requirements for employee benefits, including wages, salaries, and pension plans.

Defined Benefit Post-Employment Fund

A pension plan where the benefits that an employee will receive upon retirement are defined in advance.

Remeasurements

Accounting adjustments made to reflect changes in the fair value of certain assets or liabilities.

Net Defined Benefit Liability

The difference between the total amount of pension benefits promised to employees and the actual funds set aside in the pension fund to meet those liabilities.