What is the conceptual, in terms of us accounting standards it is also necessary to have, Accounting Basics

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What is the conceptual

In terms of U.S. Accounting Standards, it is also necessary to have a sound foundation, referred to as the conceptual framework.

a) What is the conceptual framework, and why is it important?

b) Discuss it step by step starting with the objective. What is the objective of accounting standards?

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Accounting Basics: What is the conceptual

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