Conceptual Framework
The conceptual framework in accounting is a set of theoretical principles and fundamentals that outlines the nature, function, and limits of financial accounting and financial statements. It serves as a blueprint for the development of accounting standards and provides a basis for resolving accounting disputes and informing consistent accounting practices.
Lesson Videos
Conceptual Framework Overview
Conceptual Framework Objectives
FASB Statements of Financial Accounting Concepts
Basis Objectives of Financial Reporting
Hierarchy of Accounting Qualities
Secondary Characteristics of Accounting Information
Basic Elements of Financial Statements
Recognition and Measurement Criteria
Conceptual Framework Summary
Conceptual Framework - Practice Questions
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