(a) Explain the need for a regulatory framework for accounting. (b) Critically discuss the influence of international financial reporting standards on the way that companies prepare and present their financial reports. (C) Explain the cash conversion cycle. Your explanation should include an account of each element of this cycle. (D) Critically discuss the importance of the effective management of trade receivables. Your critical discussion should include an explanation of the measures that might help to manage trade receivables and an explanation of techniques that might help a business to collect money from debtors