Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. what is a conceptual framework? why is a conceptua

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Solve the scissors, paper, rock game. This game is well known in many parts of the...

Advance Math
Q

Explain the reason for the failure of the Titanic in terms of Materials Science.

Mechanical Engineering
Q

Which structure is highlighted smooth muscle fibers circular layer O skeletal muscle fibers longitudinal section...

Biology
Q

9 A coil of resistance 200 ohm and self inductance 1 0 hen has been...

Physics
Q

28 A Use arrows to show the direction of heat transfer B Draw 2 arrows...

Physics
Q

Choose the graph of y log z 2 O O KEITT tus 8 2 6...

Algebra
Q

Comprehensive Problem Part 1 A Saved Help Help Save & Exit Submit SP 2 Serial...

Accounting
Q

Prepare a schedule of cash receipts from customers for January and February. (If an input...

Accounting
Q

What is the depreciation in year three using Double Declining Balance switching to Straight Line...

Accounting
Q

Actual data for Job #10 DEPT A DEPT B Direct materials requisitioned $10,000 $16,000 Direct...

Accounting
Q

The Tempo Golf and Country Club in London, Ontario, is evaluating two different irrigation system...

Finance
Q

Moving to another question will save this response. Question 11 The real rate of interest...

Finance