Conceptual framework

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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.


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

Other links

IFRS Conceptual Framework Project Summary 2018