what is conceptual fraemwork? why is a conceptual fraemwork necessary in financial accounting​

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Answer 1

Answer:

A conceptual framework is an analytical tool with several variations and contexts. It can be applied in different categories of work where an overall picture is needed. It is used to make conceptual distinctions and organize ideas.


Related Questions

7. According to the passage, during Peru's World Cup
qualifying match against Brazil, the narrator's family's
emotions turned from:
A. excitement into sadness.
B. resentment into reconciliation.
C. gloom into anger.
D. pity into embarrassment.

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Answer:

I think it's c

Explanation:

I searched it up and that is the only one that's I feel is right

How is a ratio table used to graph equivalent ratios?

A. Find the value of each ratio as a fraction and plot the fractions on a number line.
B. Find the differences of the values in the ratio table and plot the differences on a number line.
c. Use the values in the ratio table to write coordinate pairs for the points on the graph.
D. Use the equivalent ratio in lowest terms to plot the numerator on the x-axis and the denominator on the y-axis, then connect the two points

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C. Use the values in the ratio table to write coordinate pairs for the points on the graph.

explain the role of IFRS interpretation committee ?​

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Answer:

International Financial Reporting Standards, commonly called IFRS, are accounting standards issued by the IFRS Foundation and the International Accounting Standards Board.

Explanation:

The IFRS Interpretations Committee endeavours to reach a consensus on appropriate accounting treatment and provides authoritative guidance on the issue concerned. The interpretations issued by the committee are referred to as IFRIC Interpretations, taking their name from the previous name given to the committee, the International Financial Reporting Interpretations Committee (IFRIC).

:-befrank

briefly describe the two fundamental qualities of useful accounting information ?​

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Explanation:

Relevance and reliability are the two primary qualities that make accounting information useful for decision making.

Relevance: Relevant information is capable of making changes or differences in decision making by helping in forming predictions about the results of past, present, and upcoming events for correct expectations.

Accuracy: It depends on whether the information, numbers, and descriptions match what happened earlier and what exactly existed.

what is meant by the term qualitative characteristics accounting information ?​

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Explanation:

Qualitative characteristics are the tributes that make the information provided in financial statements useful to users. Accounting information that is reported to facilitate economic decisions should possess certain characteristics or normative standards.

what is the objective of financial report​

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Answer:

The objective of financial reporting is to track, analyse and report your business income. The purpose of these reports is to examine resource usage, cash flow, business performance and the financial health of the business. This helps you and your investors make informed decisions about how to manage the business.

for each item below ,indicate to which category of elements of financial statement it belong ...................section break (continues..............."(a) retained earning ,(b) depreciation (c),dividends ,(d),sales ,(e) loss on sale of equipment ,(f) gain on sale of investment (g),share premium ,(h) interest paybale (i), issuance of ordinary shares .​

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Answer:

collage right

Explanation:

Find the critical value z alpha/2 that corresponds to the given confidence level 84%

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Answer:

c20

Explanation:

what is digital wellbeing? ​

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Answer:

Digital well being is a term used to describe the impact of technologies and digital services on people's mental, physical, social and emotional health.

what are the major financial statement ,and what is the difference between financial statement and financial reporting​

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Answer:

I know what is the difference between financcial statement and financial reporting : Financial statements": balance sheet, income statement, statement of cash flows, and statement of changes in owners' or stockholders' equity. "Financial reporting": includes the basic financial statements and any other means of communicating financial and economic data to interested external parties.

which type of mental function would be the strongest & most obvious

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Answer:

the functionalist approach to society.

Explanation:

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