The Conceptual Framework in the United Kingdom and the Introduction of the Statement of Principles (el. knyga) (skaityta knyga) | knygos.lt

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Presentation (Handout) from the year 2005 in the subject Business economics - Accounting and Taxes, grade: 1,3, Glyndwr University, Wrexham known as NEWI (Nort East Wales Institute of higher Education), course: Advanced Financial Accounting, language: English, abstract: "A conceptual framework is a statement of principles providing generally accepted guidance for the development of new reporting practices and for challenging and evaluating the existing practices. " (Weetman, 2003a) An accounting conceptual framework can be defined as: "a coherent 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." (Lynch, 1998) The International Accounting Standards Committee (now Board) published its conceptual framework in 1989. It is intended to guide both international and national standard setters when setting standards, and to assist prepares and auditors when interpreting standards or dealing with issues that the standards do not cover.