It notes that the development of the conceptual framework is the top priority of FASB as it will be the constitution of financial accounting and reporting. It discusses the different phases of the project which includ...
What is the Conceptual Framework and why is it needed? Explain the Financial Accounting Standards Board (FASB) conceptual framework. Why is it necessary to develop a definitional framework for the basic elements of accounting? How do conceptual frameworks of accounting attempt to crea...
What is meant by sustainable management practices, and what are examples of such practices? What elements comprise the FASB's conceptual framework? Explain what an intangible asset is. What do you understand by flow assumptions in accounting?
The IFRS convergence process should have been finished by 2012. But, FASB (issuer of US GAAP) and IASB (issuer of IFRS) slowed down the convergence process and new deadline is somewhere around 2015. Moreover, SEC (Securities and Exchange Commission) should have decided about incorporation of ...
is an evolutionary advantage because it reduces the necessity for rivalry between males of different species by helping identify females D. is an evolutionary advantage because it minimizes the amount of energy necessary for the courtship process E. is an evolutionary advantage because it provides ...
On the methodology of a conceptual framework for financial accountingPart 2: From jurisprudence to soft systems analysis This is the second of two papers which examine some important questions raised by the ‘conceptual framework’ (CF) project carried out by the FASB in the ... S Archer - 《...
All theories of accounting are bound by the conceptual framework of accounting. This framework is provided by theFinancial Accounting Standards Board(FASB), an independent entity that works to outline and establish the key objectives of financial reporting by businesses, both public and private.1Furthe...
a因为生活是美好的 Because the life is happy [translate] a安装快捷方便 The installment is quickly convenient [translate] aOriginally I chase, just a no result. 正在翻译,请等待... [translate] aReflections on 'reflections on the FASB's conceptual framework for accounting and on auditing 反射在...
What is the Conceptual Framework and why is it needed? Define the concept of materiality and explain its implication in the preparation of financial statements. What is cultural awareness and why is it important? What motivated the FASB to issue FIN 48? What are your thoughts, as to whether ...
aHe is poor in English, because he never studiedEnglish before. 他是穷用英语,因为他从未studiedEnglish以前。 [translate] aThe FASB together with the IASB are currently working together “to develop a common conceptual framework” that will “provide a sound foundation for developing future principles...