Conceptual framework

1. International Financial Reporting Standards.

The Conceptual Framework for Financial Reporting, sets out fundamental concepts for financial reporting and aims to ensure that Reporting Standards are conceptually consistent and that similar transactions are treated the same way.

2.

Similar overarching guidelines in other contexts, designed to encourage an analytical, structured approach to resolving problems by applying principles in a consistent way.

See also

• Accounting concepts
• Faithful representation
• Financial reporting
• International Accounting Standards
• International Financial Reporting Standards
• Neutrality
• Prudence
• Qualitative characteristics of useful financial information
• Relevance
• Stewardship
• Substance over form
• True and fair view

Other resources

• Conceptual framework for financial reporting - IAS Plus
• IFRS Conceptual Framework 2018]