The conceptual framework is a series of Statements of Financial Accounting Concepts (SFACs), taken as a whole, set the objectives, characteristics and other concepts that determine how financial ...

The Financial Accounting Standards Board has added two new chapters to its Conceptual Framework. Issued as “concept statements,” the chapters cover the elements of financial statements, and their ...

FASB issued a new chapter of its Conceptual Framework related to the measurement of items recognized in financial statements. Chapter 6 of FASB Statement of Financial Accounting Concepts No. 8, ...

As defined in the new conceptual framework, assets and liabilities focus on a company’s rights and responsibilities. The framework also states that financial statement preparers’ decisions about what ...

A new paper in the Journal of the Royal Society Interface presents a new conceptual framework that could provide answers in the future. For years, scientists across multiple disciplines have ...