What is regulation, What is regulation? How is accounting

What is regulation

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Reference no: EM133153653

Ethics:

Question 1.

What is regulation? How is accounting profession in Australia regulated?

Question 2.

Refer to accounting standard AASB116 - Property Plant and Equipment

Explain the main requirements of the standard that Australian companies have to abide by. This should cover objective of the standard, its scope and definition, recognition criteria, measurement criteria, derecognition and disclosure requirements - with reference to ‘'For profit" entities only.

Reference no: EM133153653

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