Question content area top

Part $1$

Which is a purpose of the conceptual framework in$$ accounting?

Question content area bottom

Part $1$

A$.$

To provide rules from which

decision$-$useful

financial information can be developed.

B$.$

To develop different accounting practices between countries around the globe.

C$.$

To support

principles$-$based

accounting$$ standards, principles and practices.

D$.$

To promote global$$ consistency, acceptance and adoption of International Financial Reporting Standards$($IFRS$)$ around the globe.