Multiple Choice
A conceptual framework of accounting is a structured theory of accounting.Which of these issues would be dealt with at the operational level of the framework?
A) The scope and objective of financial reporting
B) The qualitative characteristics of financial reporting
C) The elements of financial reporting
D) The basis of recognition and measurement of the elements.
Correct Answer:

Verified
Correct Answer:
Verified
Q10: The statement in respect of the IASB/FASB
Q11: The constraints on financial reporting identified under
Q12: Which of these is not a reason
Q13: A disadvantage of a conceptual framework is:<br>A)It
Q14: In June 2009,in relation to the IASB/FASB
Q16: A disadvantage of rules-based standards for users
Q17: Discuss the strengths and weaknesses of principles-based
Q18: The four principal qualitative characteristics recognised by
Q19: In the 1990's there was a shift
Q20: The group proposed by the IASB and