The primary cause behind developing a conceptual framework is that it provides a framework for establishing standards of accounting, groundwork for resolving different accounting disputes as well as fundamental principles which then need not be repetitive in standards of accounting (Lattucaand Litzinger2015).
Title of the report: Importance of the Conceptual Framework for Financial Reporting
Background of the study
An overview of the main theory or theories that are relevant to the selected topic and used in the selected journal papers
Findings of the review
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