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Explain whether conceptual frameworks are a necessary component of financial reporting?

Explain whether conceptual frameworks are a necessary component of financial reporting?

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Question ajoutée par Mohammad Iqbal Abubaker , Jahaca Pty Ltd - Accounts Administrator , Jahaca Pty Ltd - Accounts Administrator
Date de publication: 2017/03/12
Rehman Uddin
par Rehman Uddin , Accounts Executive , AL FUSAIFESA GROUP OF COMPANIES

Accounting Standards are needed for the following purposes 1. For bringing uniformity in accounting methods 2. For improving the reliability of the financial statements 3. To simplify the accounting information 4. To prevent fraud and manipulations 5. To help auditors

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