As Prescribed in AASB 121,in Translating the Accounts of a Foreign

question 41

True/False

As prescribed in AASB 121,in translating the accounts of a foreign operation from local currency to functional currency,the exchange rate to use for land is the exchange rate at the date of the transaction.

---

Definitions:

Psychoanalytic Theory

A theory developed by Sigmund Freud that emphasizes unconscious mental processes in shaping behavior, feelings, and personalities.

Superego

In psychoanalytic theory, the part of the mind that acts as a self-critical conscience, reflecting social standards learned from parents and teachers.

Structures of Personality

Refers to the various components and theories that describe and explain the different aspects that constitute human personality, such as traits, behaviors, and psychological processes.

Pleasure Principle

A concept in psychoanalytic theory suggesting that people seek pleasure and avoid pain, guiding the id's desire to satisfy basic urges, needs, and desires.