The AASB 112 approach has been adopted because:

Question

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The AASB 112 approach has been adopted because it is considered consistent with the AASB Conceptual Framework. This framework provides guidance for developing and revising accounting standards that are of high quality, transparent and relevant to users. The AASB 112 approach aligns with this framework and is therefore considered an appropriate approach. The other options mentioned in the question are not related to the reason for adopting the AASB 112 approach.

The AASB 112 Approach Has Been Adopted Because