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Explain the components of the conceptual framework

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1. List and explain the components of the conceptual framework for financial reporting in accounting. Kindly remember to make use of the new conceptual framework components published by IASB in 2018.

2. Explain and illustrate the capital maintenance concepts described in the conceptual framework.

3. Explain the purpose and importance of the conceptual framework in accounting.

Reference no: EM132977007

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