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In your own words, explain why measurement has an essential role in accounting 200 words Provide a brief discussion in your own words to the

  1. In your own words, explain why measurement has an essential role in accounting 200 words

  2. Provide a brief discussion in your own words to the measurement model currently adopted by the accounting standard setters, including reasons why they have adopted such a model, together with issues associated with this model (300words)

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