Time Data for Approval Rules to Evaluate ?

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Hello Experts,

I have always selected the option Reported Time value for "Time Data for Approval Rules to Evaluate" when setting up the Time Consumer Set.

There is another option "Calculated time with reported absences". 

Can someone please explain what happens if I select the second option and when should I use it.

 

Does Option 1 "Reported Time" imply that the approver is only going to see the reported time when they go to approve the Timecard

Does Option 2  "Calculated time with reported absences" imply they get to see the Calculated entry and Absence entry when they approve the Time Card.