| Front | Back |
Conceptual Framework (accounting) | A coherant set of standards and rules that; increase financial statement users' understanding of and condfidence in financial reporting. It should enhance comparability among companies' financial s |
First Level : Basic Objectives | Providing information that is:
- useful to those making investment and credit decisions, woh have a reasonable understanding of business and economic activities
- helpf
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decision usefulness | (referred to under first level : basic objectives)
providing information useful in assessing future cashflow |