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Where the entity presents current assets separately from non-current assets and current liabilities separately from non-current liabilities,AASB 101 requires items to be disclosed on the face of the statement of financial position ,including:
Framing Error
A cognitive bias where information is presented or perceived in a way that influences judgment and decision-making, potentially leading to incorrect conclusions or actions.
Representativeness Heuristic
A cognitive bias in decision-making where the likelihood of an event is estimated based on how much it resembles existing stereotypes or patterns.
Availability Heuristic
A cognitive bias where people overestimate the importance or frequency of information that is readily available to them.
Anchoring and Adjustment Heuristic
A mental shortcut that influences the way people intuitively assess probabilities and make decisions based on initial information.
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