Question 1 – Conceptual Framework (20 marks) The International


Question 1 – Conceptual Framework (20 marks) The International Accounting Standards Board (IASB) issued a revised Conceptual Framework in March 2018. Required 

a) Discuss the key purposes of Conceptual Framework. (5 marks) 

b) Discuss THREE main changes to the key concepts in the revised Framework. (15 marks) Total – 20 marks

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