Why is a conceptual framework necessary in developing accounting standards and rules?

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College Accounting Chapters 1-30

ISBN: 978-1259631115

15th edition

Authors: John Price, M. David Haddock, Michael Farina

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Question Posted: Jul 11, 2018 07:30 AM

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Why is a conceptual framework necessary in developing accounting standards and rules?

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The main reasons for developing an agreed conceptual framework are that it pro...View the full answer

College Accounting Chapters 1-30

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