Explain how the conceptual framework is useful in situations where there is no specific accounting standard for

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Explain how the conceptual framework is useful in situations where there is no specific accounting standard for a particular transaction.

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Understanding Financial Accounting

ISBN: 978-1118849385

1st Canadian Edition

Authors: Christopher Burnley, Robert Hoskin, Maureen Fizzell, Donald

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Question Posted: Jun 11, 2015 06:35 AM

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Explain how the conceptual framework is useful in situations where there is no specific accounting standard for

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The conceptual framework provides guidance by focusing the financial statement preparer on presentin...View the full answer

Understanding Financial Accounting

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