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
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CONCEPTUAL FRAMEWORK Concept - A concept is a generalized idea of a thing or class of things. Concept vs. Idea It is roughly synonymous with the word ’idea’ but it is a little more specific. An idea can just spring to mind out of nowhere but generally a ’concept’ is based on observation of real phenomena. I say ’a little more specific’ because both the word ’idea’ and ’concept’ cover a lot of ground and are used in many ways. An example of a concept in Biology would be evolution Concept vs.
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Modern – SAHT1102 Essay Question 2: - Using Examples‚ discuss why and how Conceptual artists set out to destroy or undermine the value of physical pleasure in art’s making and reception. Conceptual Art maybe defined as a concept or art movement that came about the 1960’s as a reaction towards formalism. Where in art theory‚ formalism is a concept where an artwork or piece’s entire artistic value is based purely on its form and visual aspects. For example‚ American essayist/art critic‚ Clement Greenberg
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Perspective of Cognitive Linguistics The definition of metaphor Traditionally‚ metaphor is a figure of speech in which one thing is compared to another by saying that one is the other‚ as in “He is a tiger”. It is a property of words‚ and is used for some artistic and rhetorical purpose. However‚ this view has been challenged recently by cognitive linguists (Liu & Wen‚ 2012: 249). Cognitive linguists and philosophers have shown that metaphors are not just a way of expressing ideas by means
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Financial Accounting Standards Board ORIGINAL PRONOUNCEMENTS AS AMENDED Statement of Financial Accounting Standards No. 19 Financial Accounting and Reporting by Oil and Gas 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
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Abstract This essay protrudes the objective of general purpose financial reporting (GPFR) as edged in the conceptual framework. The essay instigated with a brief history and development of conceptual framework which comprises Statement of Accounting Concepts. Apart from that‚ the essay also clarifies on how the financial information is essential for the users as stated in the SAC 2‚ for decision making purposes. Additionally‚ an illustration of the relationship between the SACs and how they are
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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
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transferable skills are a group of skills that are required by people in various jobs so as to be flexible‚ offer customer service skill‚ have the ability to solve problems and multi task during demanding work hours and environments. A flight nurse is a profession for registered nurses skilled to manage serious care for patients of all degrees throughout rescue missions or medical emigration on flight. Think of Others Thinking of others can be illustrated can be simply exemplified as being compassionate
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velvet-lined box‚ souvenirs of a famous ballerina’s midnight performance on the frozen Russian steppe. A small glass jar filled with colored sand is transformed into powdered gold from a Mayan temple‚ preserved in Cornell’s Museum. A symbolist‚ Cornell used the found materials that inhabit his boxes paper birds‚ clay pipes‚ clock springs‚ balls‚ and rings. A metal spring from a discarded
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Introduction With development of accounting standards and surrounding‚ the International Accounting Standard has updated several times in accordance with changing 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.
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