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 conceptual framework of accounting includes the objective of financial reporting, the going concern assumption, and the elements of financial statements, but not financial analysis. Financial analysis is a technique used to evaluate investments, financial statements, and to analyze the financial health of entities, but it is not a part of the conceptual framework itself.

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