Question: In the conceptual framework for financial reporting, what provides the why--the purpose of accounting? Objective of financial reporting Qualitative characteristics of accounting information Recognition, measurement,

  1. In the conceptual framework for financial reporting, what provides "the why"--the purpose of accounting?

Objective of financial reporting

Qualitative characteristics of accounting information

Recognition, measurement, and disclosure concepts such as assumptions, principles, and constraints

Elements of financial statements

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