AASB 119 defines employees as 'natural persons (including a director)appointed or engaged under a contract for services who is subject to the directions of an employer in respect of the manner of execution of those services,whether on a full-time,part-time,permanent,casual or temporary basis'.

Question

Quizplus · Accepted Answer

AASB 119 does not define employees in this manner; it pertains to employee benefits and outlines the accounting for such, without providing a detailed definition of employees focusing on the nature of their contract or employment status.

AASB 119 Defines Employees as 'Natural Persons (Including a Director)appointed