conceptual framework

a set of theoretical principles that underlies the practice and regulation of financial accounting. In the United States, this is expressed in the Statements of Financial Accounting Concepts issued by the Financial Accounting Standards Board. In the United Kingdom, it is expressed in the Statement of Principles issued by the Accounting Standards Board.

Browse by Subjects
accounting conventions
Trueblood Report
See All Related Terms »

savings related share option scheme
U.S. Government Securities
cut down on
equilibrium price