Question: 1. Carefully read the Conceptually framework currently adapted in Australia and discuss where modifications have been made by the AASB. 2. Discuss the influence of

1. Carefully read the Conceptually framework currently adapted in Australia and discuss where modifications have been made by the AASB.

2. Discuss the influence of the Conceptual Framework adapted in Australia on the accounting standard AASB 116 Property, Plant and Equipment.

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