Examlex
The disclosures AASB 110 requires for a material non-adjusting event include:
Time Proportioning Control
A control method where the output is turned on and off at a rate proportional to the error value, used in PID controllers, for precise control.
On Time
Refers to the condition or state of being operational or active at the expected or scheduled time.
Off Time
Represents the period when a system or component is not operating or is inactive.
PLCs
Abbreviation for Programmable Logic Controllers, specialized computers used to control industrial machines and processes.
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