A conceptual framework underlying financial accounting is important because it can lead to consistent standards and it

أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.

prescribes the nature, function, and limits of financial accounting and financial statements.true or false ?

تم إضافة السؤال من قبل مستخدم محذوف‎
تاريخ النشر: 2015/06/14

التصويت كمفيد (1) المشاهدات (11) المتابعون (2) الإجابات (1) بلّغ عن السؤال

من قبل Tranquilino Jr Rivera , General Accountant , Enany Group of Companies

This is True. But the framework does not not override any existing standard when there is conflict between the two.

Explain the role of a conceptual framework in the development of financial reporting standards?
أفضل جواب: Conceptual framework plays an important role in the development of accounting standards. A conceptual fra ... الإطلاع على المزيد

أجوبة (1)
Explain the role of a conceptual framework in the development of financial reporting standards?
أفضل جواب: it's Contains all changes to keep up with updates Especially at this time when we use computer in all tra ... الإطلاع على المزيد

أجوبة (1)
Which of the following statements is false?
أفضل جواب: I think the answer is d. Under IFRS, there are the same number of financial statement elements as in GAAP ... الإطلاع على المزيد

أجوبة (2)
Explain whether conceptual frameworks are a necessary component of financial reporting?
أفضل جواب: Accounting Standards are needed for the following purposes 1. For bringing uniformity in accounting metho ... الإطلاع على المزيد

أجوبة (1)

هل تحتاج لمساعدة في كتابة سيرة ذاتية تحتوي على الكلمات الدلالية التي يبحث عنها أصحاب العمل؟