In accounting 'Conceptual framework' can be used to solve the fundamental problem of financial reporting.

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In accounting 'Conceptual framework' can be used to solve the fundamental problem of financial reporting.

2006-08-06 15:44:07 · 3 answers · asked by alishah_747 1 in Education & Reference ➔ Homework Help

3 answers

Okay. What is the question?

2006-08-06 15:47:27 · answer #1 · answered by Anonymous · 0⤊ 0⤋

The profession of accounting relies on the conceptual framework of accounting. Without the conceptual framework, accounting can be molded to the worst. Conceptual framework is the governing and DECISIVE element of accounting without which it would be as lawless as the wild american west of the 19th century

2006-08-08 05:28:38 · answer #2 · answered by Anonymous · 0⤊ 0⤋

and your question is?

2006-08-06 22:47:32 · answer #3 · answered by absynthian 6 · 0⤊ 0⤋