So it does not become out of date.......
secret....... :P
. According to the FASB conceptual framework, the objective of financial reporting for business enterprises is based on the needs of the users of financial statements. Explain the level of sophistication that the Board assumes about the users of financial statements
Not exactly. The FASB conceptual framework sets the general philosophies that the specific reporting standards are based on. For example, the framework establishes that the accrual basis of accounting should be used; the idea that expenses should be matched with the corresponding revenues (the Matching Principle), the Principle of Conservatism, etc. The specific reporting standards generally work inside this framework, unless doing so would mislead financial statement users.
The FASB's conceptual framework consists of the following four items:1. Objectives of financial reporting.2. Qualitative characteristics of accounting information.3. Elements of financial statements.4. Operating guidelines (assumptions, principles, and constraints).yayGT
It'e been updated
what are the contents of conceptual framework
advantages of conceptual framework in accounting
conceptual framework for interavtive graphic
conceptual framework of online ticketing system
Conceptual Framework is a structure of objective and ideas. With conceptual framework, it is easy to determine how profit should be measured and number of standards, principles and emphasis are reduced.
the needs of the users of the information.
Conceptual framework is used in research to outline possible causes of action or present a preferred approach to an idea or thought. There are altogether 5 conceptual frameworks.
Conceptual framework Theoretical framework Empirical framework
guess stupid
Malay
secret....... :P
To illustrate a conceptual framework, you can create a visual diagram that represents the key concepts, variables, relationships, and underlying theoretical foundations of your research. Use boxes to represent concepts and arrows with labels to show how these concepts are linked and interact with each other. Ensure that your conceptual framework is clear, logically structured, and visually appealing to effectively communicate your research framework.