What is Accounting Conceptual Framework?

$19.95

Add to cart
Essay #: 056672
Total text length is 15,842 characters (approximately 10.9 pages).

Excerpts from the Paper

The beginning:
What is Accounting Conceptual Framework?
“A conceptual framework of accounting aims to improve financial reporting, and yet it seldom provides solutions to specific accounting problems in the real world. Hence, it is not worth continuing with the accounting conceptual framework.”
Introduction - What is Accounting Conceptual Framework?
Conceptual framework in accounting is by its nature very broad and all inclusive concept. Lynch (1998, P 2) defined Conceptual Framework in accounting as “A golden system of inter-related objectives and fundamentals that should lead to consistent standards that prescribe the nature, function and limits of financial accounting and financial statements.”
In simple term conceptual framework in accounting is a...
The end:
.....and Society, Vol. 16, No. 5/6: 395-403.
Peasnell, K. V., The Function of a conceptual framework for corporate financial reporting. Accounting and Business Research 12 (vol. 48) pp. 243-256
“Rules and Accounting: Vagueness in Conceptual Frameworks” (2008) Accounting Horizons 22 (3), 339
Tarca Ann, Update on The Conceptual framework, (Nov 2004) (Online) Available at: http://www.johnwiley.com.au/highered/accounting/kimmel/lecturer-res/updates/2004-12-01.pdf
Wallace, RS.O. (1990) "Accounting in Developing Countries: A review of the literature"
Research in Third World Accounting, Vol. 1, PP. 3-34
Wilkinson, T.L. (1965) "United States accounting as viewed by accountants of other
Countries", The International Journal of Accounting, Vol. 1, pp.3-14