Which of These Australian Accounting Standards Has No IASB Equivalent

question 53

Multiple Choice

Which of these Australian accounting standards has no IASB equivalent?

• A) AASB101 Presentation of Financial Statements
• B) AASB 110 Events After the Reporting Period
• C) AASB 1031 Materiality
• D) AASB 136 Impairment of Assets

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Definitions:

FITT Formula

A principle used in exercise that stands for Frequency, Intensity, Time, and Type.

Exercise Program

A structured plan of physical activities tailored to meet individual fitness goals, which can include various types of exercises and intensity levels.

Fitness Level

An individual's overall physical health and abilities, often assessed through factors like endurance, strength, flexibility, and body composition.

Recommended Activities

Suggestions for physical or mental actions aimed at improving health, skill, or well-being.