What are the Disadvantages of Conceptual Framework?

The conceptual framework is a logical system of interconnected fundamentals and objectives applied in Financial reporting and Financial accounting. Followed primarily in accounting practices, this framework is responsible for maintaining a consistency in the principles of accounting and lays down its scopes and restrictions. CF serves as a standard procedure that can be implemented to resolve disputes.

Continue reading

Open chat
Welcome to Oman essay.
How can I help you?