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Chapter 1

Frameworks

Outcome

By the end of this session you should be able to:

 discuss the use of an accounting framework in underpinning the production of
accounting standards

 critically evaluate accounting principles and practices used in corporate
reporting

 evaluate the valuation models adopted by standard setters

and answer questions relating to these areas.

The underpinning detail for this chapter in your Integrated Workbook can
be found in Chapter 1 of your Study Text

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