Question: to the workshop with a prepared answer for feedback) a) How does the IASB influence financial reporting in Australia? (8 marks) b) Explain what is

to the workshop with a prepared answer for feedback) a) How does the IASB influence financial reporting in Australia? (8 marks) b) Explain what is meant by the term 'functional currency' and describe the three key indicators in determining the functional currency of an entity. (8 marks)

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