Question: Is the 2018 IASB Framework useful in its present form? Accounting standards and regulations should aim to state how all situations should be dealt with.

Is the 2018 IASB Framework useful in its present form?

Accounting standards and regulations should aim to state how all situations should be dealt with. Discuss.

If you were to develop an accounting conceptual framework from scratch, where would you start and how would you structure it?

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