Which of the following is not a main section of the conceptual framework of accounting?
A)The objective of financial reporting
B)The going concern assumption
C)Financial analysis
D)The elements of financial statements

Question

Quizplus · Accepted Answer

The three main sections of the conceptual framework of accounting are the objective of financial reporting, the qualitative characteristics of accounting information, and the elements of financial statements. The going concern assumption is considered a fundamental principle of accounting rather than a main section of the conceptual framework. Financial analysis, while important in accounting, is not part of the conceptual framework itself.

Which of the Following Is Not a Main Section of the Conceptual