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 IASB plans to issue a final conceptual framework next year. The framework was most recently revised in 2010, and respondents to the IASB’s agenda consultation in 2011 called for the IASB to ...

FASB's conceptual framework contains a set of interrelated objectives and fundamentals to provide the board with a useful tool as it sets standards. A Statement of Financial Accounting Concepts is ...

The Conceptual Framework represents the basic objectives and fundamentals around which FASB develops standards. Concept statements are non-authoritative, and don’t establish or change current ...

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, ...