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

why is reproduction necessary?​

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Answer:

reproduction is necessary to continue the existence of their races on the earth and balance in the eco system

Identify and correct the misconception about fractions in the following situations.if you cannot insert fractions in your explanations,then write the fractions in words,eg.three eighths. Tommy writes the fraction of the shaded part of the shape below as 3/5
[tex] \frac{3}{5} [/tex]

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Answer:

Explanation:

Tommy's misconception in the problem below, is that his expression of the shaded area is the shaded area / non-shaded area, when the fraction for the shaded area should be the shaded area / total area

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.

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

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Answer:

c20

Explanation:

If scores on a police officer entrance exam are normally distributed with a mean of 50 x
= 50) and standard deviation of 10 (s = 10), what standardized score (z-score) represents
a person with an exam score of 60 (x = 60)?

Answers

The standardized score or z-score that represents a person with an exam score of 60 will be z= 0.

What is a standardized score?

It should be noted that z score simply means the number of standard deviation by which the value of a raw score is either above or below the mean value.

In this case, the standardized score or z-score that represents a person with an exam score of 60 will be z = 0. This means that it's on the mean.

Learn more about z score on:

https://brainly.com/question/25638875

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

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Answer:

the functionalist approach to society.

Explanation:

if a difference between two variables is statistically significant, which of the following can be concluded

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Answer:

To determine whether the difference between two means is statistically significant, analysts often compare the confidence intervals for those groups. If those intervals overlap, they conclude that the difference between groups is not statistically significant. If there is no overlap, the difference is significant.

Explanation:

what is mission of the IASB?​

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Answer: According to the Foundation, their mission statement is to "develop IFRS Standards that bring transparency, accountability and efficiency to financial markets around the world. Our work serves the public interest by fostering trust, growth, and long-term financial stability in the global economy."

Explanation: hope it helped! :)

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

what are the basic financial statement as per the IFRS?​

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A statement of financial position, a statement of profit or loss and other comprehensive income, a statement of changes in equity and a statement of cash flows. [tex][/tex]

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