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Conceptual Framework

Development of conceptual framework

Development of conceptual framework

Development of conceptual framework are several organizations and individuals who have tried their best to develop a sound conceptual framework for a long period of time. But among them, Accounting principles Board (APB) and Financial Accounting Standards Board (FASB) merit attention. APB: APB issued, “Basic concepts and Accounting principles Underlying …

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Definition and need of conceptual framework

Conceptual Framework

Definition and need of conceptual framework consists of two terms: Conceptual & framework. conceptual means “idea or plan”. On the other hand. “framework” means essential supporting structure or basic structure. For accounting information stands for the plan or ideas of basic structure of generating and presenting accounting information to a …

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