Multiple Choice
Which of these is not a criticism of conceptual framework projects?
A) The logic is circular
B) The definition of the elements provide no guidance to practising accountants
C) There is no prior agreement on objectives
D) The measurement of the elements of financial reporting is too highly specified
Correct Answer:

Verified
Correct Answer:
Verified
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
Q21: Which of these is not one of
Q22: One of the benefits of a conceptual
Q24: Stating that Australia and New Zealand follow
Q25: The IASB Framework includes four principal qualitative
Q26: Taxation rules are not a source of
Q27: In Australia,in the latter years of the
Q28: Gerboth views conceptual frameworks as policy documents