Question: What is a conceptual framework in accounting? Is it a positive or a normative theory? Discuss whether you believe it is appropriate to have separate

What is a conceptual framework in accounting? Is it a positive or a normative theory? Discuss whether you believe it is appropriate to have separate conceptual frameworks for for-profit and not-for-profit entities?

(please answer to the questions in about 1000 words, please don't copy)

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