Accounting provides the framework for recording, reporting, and analyzing financial information about an entity's economic activities. This framework includes broad guidelines for defining the nature and type of information that should be provided in external financial statements. The conceptual framework establishes the concepts that guide standard setting bodies in the development and revision of accounting standards.
Accounting provides the framework for recording, reporting, and analyzing financial information about an entity's economic activities. This framework includes broad guidelines for defining the nature and type of information that should be provided in external financial statements. The conceptual framework establishes the concepts that guide standard setting bodies in the development and revision of accounting standards.
Accounting provides the framework for recording, reporting, and analyzing financial information about an entity's economic activities. This framework includes broad guidelines for defining the nature and type of information that should be provided in external financial statements. The conceptual framework establishes the concepts that guide standard setting bodies in the development and revision of accounting standards.