AASB 137 Defines a Provision as A

question 6

Multiple Choice

AASB 137 defines a provision as a:

• A)present obligation arising from past events,the settlement of which is expected to result in an outflow from the entity of resources embodying economic benefits.
• B)liability of uncertain timing and amount.
• C)possible obligation that arises from past events and whose existence will be confirmed only by the occurrence/non-occurrence of one or more uncertain events not wholly within the control of the entity.
• D)present obligation that arises from a past event but is not recognised because the amount of the obligation cannot be measured with sufficient reliability.

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Definitions:

Cognitive-Behavioural Therapy

A form of psychotherapy that treats problems and boosts happiness by modifying dysfunctional emotions, behaviors, and thoughts.

Clinical Diagnosis

The process of identifying a disease or condition by evaluating patient history, physical examination, and sometimes diagnostic tests.

SAD

Seasonal Affective Disorder, a type of depression that occurs at the same time every year, usually in winter.