Which of these is not one of the benefits of a conceptual framework?
A) Reporting requirements will be more consistent and logical
B) It may allow firms to reduce their reported profit
C) The need for specific accounting standards should be reduced
D) Standard setting boards will be more accountable for their actions
Correct Answer:
Verified
Q5: Taxation rules are not a source of
Q6: Both the IASB and the FASB frameworks
Q7: In Australia,in the latter years of the
Q8: The IASB's concept statement encompasses special and
Q9: In the IASB Framework the qualitative characteristic
Q11: Gerboth views conceptual frameworks as policy documents
Q12: Surveys have shown that a majority of
Q13: A disadvantage of a conceptual framework is:
A)It
Q14: In the 1990's there was a shift
Q15: One of the key concepts of the
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