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Homework answers / question archive / What is the conceptual framework? Why does the accounting profession need this framework? (II) Describe the two fundamental qualitative characteristics of good accounting information

What is the conceptual framework? Why does the accounting profession need this framework? (II) Describe the two fundamental qualitative characteristics of good accounting information

Accounting

What is the conceptual framework? Why does the accounting profession need this framework?

(II) Describe the two fundamental qualitative characteristics of good accounting information. What problems do accountants face in trying to maximize these characteristics when producing accounting information?

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