With regard to methods and formats of presenting financial data. What happens when management use their own
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Question:
With regard to methods and formats of presenting financial data.
What happens when management use their own judgement to adopt, in accordance with organisational policy, accounting policies different to those prescribed by Australian Accounting Standard(s), and that would in their opinion produce information that is more reliable and relevant than if Australian Accounting Standard(s) had been used.
What guidelines are there for factors which might be considered when exercising this judgement?
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