Please answer the question quickly

Q1.Assume that you are working as an accountant in Abeer Group of Companies. Your senior manager wants to test your knowledge and asked you following questions. Being the Junior accountant how will you answer following questions? i) The components of Statement of financial position will change because of many reasons. Take each and every reason for changes in the components of financial position and explain with suitable example. ii) ( 5 Marks ) Explain the history and development of conceptual frame work and purpose of conceptual frame work