The Disclosures AASB 110 Requires for a Material Non-Adjusting Event

question 9

Multiple Choice

The disclosures AASB 110 requires for a material non-adjusting event include:

• A) the financial effect of the event or, where it is not possible to estimate the effect reliably, a statement to that effect.
• B) a description of why the event only came to be known of after reporting date.
• C) details of the corporate governance procedures in place to ensure that further information regarding the event is gathered in a timely fashion.
• D) the financial effect of the event or, where it is not possible to estimate the effect reliably, a statement to that effect and a description of why the event only came to be known of after reporting date.

---

Definitions:

Tertiary Education

is an educational level following the completion of secondary education, including universities, colleges, and vocational schools.

Secondary Education

The stage of education that follows primary education, typically including high school or equivalent, preparing students for higher education or vocational training.

Elementary School

A school providing the first segment of compulsory education, typically for children from kindergarten through grades 4-6 or 4-8, depending on the system.

Middle School

An educational institution that serves early adolescents, typically ranging from grades 6 through 8 in the United States.