What is a conceptual framework? Why is a conceptual framework necessary in financial accounting?

60.1K

Verified Solution

Question

Accounting

What is a conceptual framework? Why is a conceptual frameworknecessary in financial accounting?

Answer & Explanation Solved by verified expert

4.3 Ratings (840 Votes)

Before getting into what is conceptual framework letss first come to know about what basically conceptual or framework means in themselves Conceptual meaning something which is based on mental concepts while framework means a basic structure which underly a systemconcept or text combining both of these it shows that when mental concepts were put in structured form leads to conceptual framework Now the See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member

What is a conceptual framework? Why is a conceptual framework necessary in financial accounting?

60.1K

Verified Solution

Question

Accounting

What is a conceptual framework? Why is a conceptual frameworknecessary in financial accounting?

Answer & Explanation Solved by verified expert

Get Answers to Unlimited Questions

Membership Benefits:

Other questions asked by students

Selection has favored large body size in male kangaroos because larger male kangaroos are better able...

Each market segment description must include at least three (more if needed) of the characteristics from...

How do you make decisions that are expected to generate income? At different stages of your life,...

I am having the most trouble with 1d: 1. a. Prove that if f : A...

2 a Some cells that use the Kreb s cycle and the respiratory chain can...

Soru 15 OB cells O antibodies O macrophages OT cells nceki are Y shaped and...

Graph the following function.y = sin (x +?/2)

Graph the line that contains the point P 2 2 and has slope m 0...

Ace inc. produces electronic components for sale to...

Barber and Atkins are partners in an accounting firm and share net income and loss...

Maps News Family Profile Landon and Serena Hayes have come to you, a financial planner...

Calculate using google sheets please: Emma purchases an IOU from Prof. Ozsoz on 3/12/2022...