The underlying theme of the conceptual framework is
A) decision usefulness.
B) understandability.
C) faithful representation.
D) comparability.

Question

Quizplus · Accepted Answer

Decision usefulness is the primary objective of financial reporting, which is the core theme of the conceptual framework. Understandability, faithful representation, and comparability are all important components supporting decision usefulness, but they are not the primary theme.

The Underlying Theme of the Conceptual Framework Is