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I want to discuss the FASB's conceptual framework. Let's start with this: what is the FASB's conceptual framework? Why should we care? What specific items

I want to discuss the FASB's conceptual framework. Let's start with this: what is the FASB's conceptual framework? Why should we care?

What specific items are in this framework that might be of use to us as practitioners?

what specifically within the framework might be of use to us as practitioners? Pei mentioned SFAC 8 -- anything else as we let our eyes run through the various sections of the framework?

I would like for us to look at Concept Statement 6 -- the elements of financial statements -- and see what we can glean from it.

please shore answer

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