Under AASB 110 There Are Two Types of Post Reporting

question 13

Multiple Choice

Under AASB 110 there are two types of post reporting date events, described as:

• A)type I and type II post reporting date events
• B)those relating to the company and those not relating to the company
• C)those relating to adjusting events and those relating to non adjusting events
• D)complete and incomplete post reporting date events

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Definitions:

Efficiency

The capacity to achieve a desired result with minimal waste of time, effort, or resources.

Human Relations Approach

A management theory focusing on the importance of social relationships, employee well-being, and motivation in the workplace.

Scientific Management

A management theory that emphasizes the use of scientific methods to optimize labor productivity and economic efficiency, originally developed by Frederick W. Taylor.

Vested Interests

Stakeholders or individuals who have a personal stake or benefit in a particular outcome or decision.