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 Question A3 (a) Discuss the role of the IASB and its standardisation/harmonisation of accounting standards

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 Question A3 (a) Discuss the role of the IASB and its standardisation/harmonisation of accounting standards. efforts towards the (10 marks) (b) IAS 16 allows two different ways of measuring property, plant and equipment subsequent to its initial recognition as an asset. These are the "cost model and "revaluation" model”. Explain the two models and how to account for gains and losses under each model. (10 marks) Total: 20 marks