The underlying or fundamental objective of the accounting conceptual framework is
A)decision usefulness.
B)comparability.
C)representational faithfulness.
D)understandability.

Question

Quizplus · Accepted Answer

The primary objective of the accounting conceptual framework is to provide information that is useful to users in making decisions regarding the allocation of resources. This is referred to as the decision usefulness objective. While comparability, representational faithfulness, and understandability are also important objectives of the conceptual framework, they all ultimately serve the overarching goal of decision usefulness.

The Underlying or Fundamental Objective of the Accounting Conceptual Framework