أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.
Define and explain the purpose of a conceptual framework of accounting?
Conceptual framework is a theory of accounting prepared by a standard-setting body against which practical problems can be tested objectively. A conceptual framework deals with fundamental financial reporting issues such as the objectives and users of financial statements, the characteristics that make accounting information useful, the basic elements of financial statements (e.g., assets, liabilities, equity, income, and expenses), and the concepts for recognizing and measuring these elements in the financial statements.