A conceptual framework underlying financial accounting is necessary because future accounting practice problems can

be solved by reference to the conceptual framework and a formal standard-setting body will not be necessary.

true or false

Question ajoutée par Utilisateur supprimé
Date de publication: 2015/06/14

Apprécier (1) Vues (6) Suiveurs (1) Réponses (1) Report Question

Ajoutez Une Réponse
Inscrivez-vous ou connectez-vous pour répondre.

par ايمن محمد عاطف محمد , Director of the control and regulation unit , ACOLID

Apprécier (0)

Déprécier Réponses () Rapport

Offres d'Emploi Ingénieur Offres d'Emploi Vendeur Offres d'Emploi Comptable Offres d'Emploi Informaticien Offres d'Emploi Technicien

Explain why a conceptual framework cannot consist only of financial reporting standards?
Top Answer: Advantages 1. It makes financial accounting more consistent and logical 2. Organisation can achieve econo ... Voir Plus

Réponses (1)
Which of the following statements about the IASB and FASB conceptual frameworks is not correct?
Top Answer: Option d is the right answer. Voir Plus

Réponses (3)
Explain whether conceptual frameworks are a necessary component of financial reporting?
Top Answer: Accounting Standards are needed for the following purposes 1. For bringing uniformity in accounting metho ... Voir Plus

Réponses (1)
Define and explain the purpose of a conceptual framework of accounting?
Top Answer: Conceptual framework is a theory of accounting prepared by a standard-setting body against which practica ... Voir Plus

Réponses (1)