The Conceptual Framework regards neutrality as necessary for financial statements to provide a faithful representation of transactions.
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‘The Conceptual Framework regards neutrality as necessary for financial statements to provide a faithful representation of transactions. However, it could be argued that neutrality is impossible to achieve because if it is accepted that information must be relevant as a tool to influence decision making then it could not be neutral.’ Discuss.
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Financial Accounting And Reporting
ISBN: 9781292255996
19th Edition
Authors: Barry Elliott, Jamie Elliott
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