RELEVANT TO ACCA QUALIFICATION PAPER F7 AND PERFORMANCE OBJECTIVES 10 AND 11 The need for and an understanding of a conceptual framework This topic forms most of Section A (and has an influence on Section B) of the syllabus for Paper F7‚ Financial Reporting. A conceptual framework is important to the understanding of the many principles and concepts that underpin International Financial Reporting Standards (IFRS) and is an often-neglected part of candidates’ studies. Questions from these areas
Premium International Financial Reporting Standards International Accounting Standards Board
An Assignment on Conceptual Framework of Accounting An Assignment on Conceptual Framework of Accounting Course Name: Financial Accounting-II Course Title: MGT-204 Submitted By: Md. Nazrul Islam ID#2340 2nd Batch Department of Management Studies Submitted To: AKM Anisuzzaman Lecturer‚ Dept of Accounting & Information Systems Jahangirnagar University‚ Savar‚ Dhaka Date of Submission:____May 2013 Conceptual Framework: A conceptual framework establishes the concepts
Premium Generally Accepted Accounting Principles Balance sheet Income statement
Visual Arts 2014 Practice Essay - Aleisha McLaren - Conceptual Framework DISCUSS HOW ARTISTS USE THEIR ARTWORKS TO COMMUNICATE IDEAS ABOUT THEIR WORLD. The conceptual framework is used to examine the interrelations and connections between the four agencies of the artworld (artist‚ artwork‚ audience‚ world). Jenny Holzer uses text and language to create powerful‚ politial statements she shares with a wide audience. Similarly‚ Barbara Kruger’s background in advertising allows her to create empowering
Premium Art Modernism Cognition
Conceptual Art – Essay ”In conceptual art the idea or concept is the most important aspect of the work. When an artist uses a conceptual form of art‚ it means that all if the planning and decisions are made beforehand and the execution is a perfunctory affair. The idea becomes a machine that makes the art.” (Sol LeWitt‚ Artforum 1967‚ Paragraphs on Conceptual Art.) Conceptual art is a form of art where the idea is the most important aspect and the product or work of art‚ if there is any at
Premium Art Conceptual art Visual arts
situation. Therefore‚ the new IASB Conceptual Framework‚ published in 2010‚ replaced IASB Framework for the Preparation and Presentation of Financial Statements. (Melville‚p17) Financial statement‚ which is usually contained in entity’s annual report‚ is prepared for existing and potential investors to make their economic decisions. At this point of view‚ company has obligation to provide any information users need and as possible as free of error achieved. If company refuse to do so‚ users of financial
Premium Balance sheet Financial statements International Financial Reporting Standards
A conceptual framework is a statement of theoretical principles that provides guidance for financial accounting and reporting. (Collins & Hussey‚ 2007). It therefore prescribes the nature‚ function and limits of financial accounting and financial statements. The IASB’s Framework for the preparation and presentation of financial statements sets out the concepts that underlie the preparation and presentation of financial statements that external users are likely to rely on when making economic decisions
Premium International Accounting Standards Board Standardization International Financial Reporting Standards
Producing Companies Copyright © 2008 by Financial Accounting Standards Board. All rights reserved. No part of this publication may be reproduced‚ stored in a retrieval system‚ or transmitted‚ in any form or by any means‚ electronic‚ mechanical‚ photocopying‚ recording‚ or otherwise‚ without the prior written permission of the Financial Accounting Standards Board. FAS19 Statement of Financial Accounting Standards No. 19 Financial Accounting and Reporting by Oil and Gas Producing Companies STATUS
Premium Financial Accounting Standards Board Depreciation Petroleum
1.0 SITUATIONAL ANALYSIS The Tinplate Company of India Limited (TCIL) is one of the major tinplate manufacturing companies of India. It was started in 1922 and is jointly held by Burmah Shell‚ Shaw Wallace‚ Tata Steel and Tata Iron & Steel Company. TCIL used to import its major raw material‚ Tin Mill Black Plate (TMBP)‚ till 1997. However‚ like all major steel mills worldwide it attained self sufficiency in TMBP by setting up its own cold rolling facility. It clearly showed that TCIL has the technical
Premium Competition Steel Major
The Conceptual Blender The findings shown from the theory of conceptual blending‚ also known as the blending theory‚ described in The Way We Think‚ by Giles Fauconnier and Mark Turner‚ allows students and researches an opportunity to better understand both the general and comprehensive organization of linguistic and conceptual occurrences. What is conceptual blending? Conceptual blending is a theory of cognition or the way we think. Conceptual blending‚ also called conceptual integration‚ can
Premium Thought Mind Cognition
Conceptual Frameworks In chapter 1 some of the sections that mainly stood out to me were the concept of identity‚ dominant and subordinate groups‚ and the concept of privilege. The readings in this chapter took me through several steps as I read. I first thought about identity and how I view myself. Then I thought on how others view me. Identity then led into dominant and subordinate groups. The way I identify myself places me in a dominant or subordinate group
Premium Social injustice Social justice Sociology