Discuss the Rationale for AASB 119 Recognising Long Service Leave

question 24

Essay

Discuss the rationale for AASB 119 recognising long service leave as a liability during the preconditional period.How would you account for the possibility that an employee may not remain in your employ long enough to collect long service leave.

Recognize the importance of HR professionals understanding economic and financial aspects of their organization.

Understand the processes and strategies for managing organizational change.

Understand the principles and components of Six Sigma as a quality improvement program.

Recognize the increasing demand for social responsibility from employers by employees and the public.

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Definitions:

Nasogastric Tube

A medical device inserted through the nose into the stomach, used for feeding or removing substances from the stomach.

Gastric Suction

A medical procedure that involves the removal of gastric contents through a tube inserted into the stomach.

Abdominal Decompression

A medical procedure to relieve pressure in the abdomen, which can improve blood flow and the function of abdominal organs.

Gastric Bypass Surgery

A surgical procedure performed to facilitate weight loss by altering the stomach and digestive system to limit food intake and nutrient absorption.