Page 8 - Finac1 Test 1 slides - 2. The Conceptual Framwork
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THE CONCEPTUAL FRAMEWORK


            Objective of general purpose


            financial reporting







                    • General purpose financial information



                           • Not for management


                           • Not for those who can request information






                    • Many users, common and different needs



                           • Aim to meet maximum user needs







                    • Objectives achieved through accrual








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