Discuss one major limitation of this standard

Reference no: EM132969226

a) Discuss ONE major limitation of AASB 121/IAS 21 "The effects of Changes in Foreign in Foreign Exchange Rates" and suggest how the standard could be improved

b) Describe in general terms how joint operations, as specified in AASB 11 Joint Arrangement, are accounted for. Discuss one major limitation of this standard and suggest how it can be improved.

Reference no: EM132969226

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