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A Conceptual Framework is made up of a number of building blocks that covers issues of central importance to financial reporting process (Deegan, 2014) Discuss

A Conceptual Framework is made up of a number of building blocks that covers issues of central importance to financial reporting process (Deegan, 2014) Discuss at least five components of the 2018 Conceptual Framework of IASB in some detail and also discuss why you think a conceptual framework is needed or not needed.

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