Iscuss both IFRS 3 and IAS 17 (Financial Accounting)

You are required to answer both questions:

a) IFRS 3 Business Combinations is clear and concise and aids fair presentation.
Critically discuss this statement, making reference to the standard as appropriate.

b) Within the context of the IASB s Framework for the Preparation of Financial Statements, critically discuss the validity of the distinction between finance and operating leases set out in IAS 17 Leases.

As a guide length, 1,000 1,200 words per section

The topic is not ensured, please give a topic for each question (a&b) .