What is the conceptual framework of Accounting ?
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter2: Financial Reporting: Its Conceptual Framework
Section: Chapter Questions
Problem 15GI
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Question
.What is the conceptual framework of Accounting ?
2.Identify the characteristics that make financial statements useful to its users
3.What are the constraints faced in providing useful information ?
4.What assumptions are made in financial reporting ?
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