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Find which is purpose of developing a conceptual framework

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Reference no: EM132524962

Question 1: Which one of the following is the purpose of developing a conceptual framework?

Select one:

Option A. To provide a coherent structure to accounting practice which had developed in an ad hoc way.

Option B. All of the given options are correct.

Option C. To guide standard-setters to develop standards based on the same concepts and principles, rather than in a piecemeal approach.

Option D. To guide users where there is no accounting standard covering an issue.

Reference no: EM132524962

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