Which is a purpose of the conceptual framework in accounting?
A)To support principles-based accounting standards, principles and practices.
B)To provide rules from which decision-useful financial information can be developed.
C)To promote global consistency, acceptance and adoption of IFRS around the globe.
D)To develop different accounting practices between countries around the globe.

Question

Quizplus · Accepted Answer

The Answer is A

Which Is a Purpose of the Conceptual Framework in Accounting