Which of the Following Items Is Within the Scope of AASB

question 2

Multiple Choice

Which of the following items is within the scope of AASB 112 "The effects of changes in foreign exchange rates"?

• A) Translation of cash flows from foreign operations;
• B) Presentation in a statement of cash flows of the cash flows arising from transactions in a foreign currency;
• C) Hedge accounting for hedging a net investment in a foreign operation;
• D) Presentation of an entity's financial statements in a foreign currency;
• E) None of the given answers.

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Definitions:

Values Contribution

Refers to the beneficial impact that one's personal values have on the success and culture of their organization or community.

Fair Reward

Just or equitable compensation or acknowledgment provided to an individual based on their contributions or efforts.

Recognition Program

A formal scheme designed to acknowledge and reward the achievements, contributions, or performance of individuals or groups.

Supportive Human Resource Practice

HR practices aimed at supporting employees' personal and professional needs to improve job satisfaction and organizational commitment.