What is the conceptual framework for francial reporting?

A$.$ The conceptual framework sets forth the theory that underlies financial reporting standards it is designed financial reports it specifies the recognition and measurement criteria to be used.

B$.$ The conceptual framework sets forth the theory, concepts, and principles that underie financial reporting s accounting standards is coherent and uniform. The conceptual framework includes the objectives of finann with high quality accounting standards. It dous not provide the elements of the financial reporting system measurement criteria to be used.

C$.$ The conceptual framework definas the objective of financial reporting and is designed sciely for the use of outlines what each financial statement contains.

D$.$ The conceptual framework sets forth the theary concepts and principles that underlie financial reparting s accounting standards is coherent and unform. The conceptual framerrork includes the objecrives of financ high quality accounting standards provides the elements of the financial reporting system and specifies the used.