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Discuss the Rationale for AASB 119 Recognising Long Service Leave

question 24

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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.


Definitions:

World Domination

World domination refers to the hypothetical or fictional scenario where a single entity gains control or major influence over most of the world.

Agentic State

A psychological mindset in which an individual sees themselves as an agent executing orders, often used to explain obedience to authority.

Weak-Willed Individuals

Persons who lack the determination or strength of will to persist in achieving goals or resisting temptation.

Obeyed Authority's Orders

The act of following directives given by someone in a position of power or authority, often explored in social psychology regarding compliance and conformity.

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