Explain the relevant knowledge of NZ IAS 16 and NZ IAS 7 standards in ACCTN202

A knowledge of essential concepts such as key qualitative characteristics, true and fair view/fair presentation, creative accounting, etc.

A knowledge of the implications of different accounting treatments on financial statements

Your understanding of, comments on, arguments, and contributions to the topic.

Any other important issues which you think should be addressed

Please provide relevant references.

No AI websites should be used.