A conceptual framework for financial reporting will not include discussion on:
A) the elements of financial reports.
B) the objective of financial reporting.
C) how to prepare financial ratio analysis.
D) the qualitative characteristics of financial reports.

Question

Quizplus · Accepted Answer

The conceptual framework will consist of a set of concepts that discuss the reporting entity, objective of general purpose financial reporting, qualitative characteristics, and definition of elements of financial statements.

A Conceptual Framework for Financial Reporting Will Not Include Discussion