Solution-Which is not a purpose of conceptual framework of

Which is not a purpose of conceptual framework of accounting

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Problem 1: Which of the following is not a purpose of the conceptual framework of accounting?

a. To provide definitions of key terms and fundamental concepts.

b. To provide specific guidelines for resolving situations not covered by existing accounting standards.

c. To assist accountants and other in selecting among alternative accounting and reporting methods.

d. To assist the FRSC in the standard- setting process.

Reference no: EM132756618

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Which is not a purpose of conceptual framework of accounting

Reference no: EM132756618

Reference no: EM132756618

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