Fac2601 su2 notes Study guides, Class notes & Summaries

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The	   Conceptual	    Framework	   for	    Financial	   Repor6ng
  • The  Conceptual   Framework  for   Financial  Repor6ng

  • Summary • 68 pages • 2023
  • What  is  the  Framework?   •  Sets  out  the  objec7ves  &  concepts     – that  underlie  the  prepara7on  &  presenta7on  of     – general  purpose  financial  statements  for  external   users.  (Framework  par  1)   •  Provides  a  theore7cal  background  or  general   frame  of  reference  –  used  by  standa...
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