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You are an accountant for one of the Big Four accounting firms. The IASB needs some advice from accounting practitioners to make some adjustments to

You are an accountant for one of the Big Four accounting firms. The IASB needs some advice from accounting practitioners to make some adjustments to the IASB framework for the preparation and presentation of financial statements as it does not provide for a specific approach to measurement. What do you think of different cost accounting approaches? What approach do you recommend and why?
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