English, asked by Ahammedfaiz89411, 9 hours ago

Which of the following is the correct definition of conceptual framework?

Answers

Answered by ambitious2006
9

Answer:

The Conceptual Framework (or “Concepts Statements”) is a body of interrelated objectives and fundamentals. The objectives identify the goals and purposes of financial reporting and the fundamentals are the underlying concepts that help achieve those objectives.

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