key building blocks of conceptual frameworks


By |2017-08-25T12:33:18+00:00August 25th, 2017|Categories: Accounting assignment help|Tags: , , , |

Task Question 1 - 4 marks (700 words) Two fundamental qualitative characteristics of accounting highlighted within the conceptual framework are ‘relevance’ (QC6-10) and ‘faithful representation’ (QC12-16). Which of these two characteristics do you think is more important? Justify your position. Given the nature of accounting standard setting, it is possible for accounting to ever achieve faithful [...]