Hey Chris,
I hope you are doing fine.
I want to ask if there any chances that we might find such questions as mentioned below in the exam?
#The Conceptual Framework for Financial Reporting provides
definitions of the elements of financial statements. One of the
elements defined by the framework is ‘expenses’.
In no more than 35 words, give the Framework’s definition of
expenses.
or
According to the International Accounting Standards Board’s
Framework for Financial Reporting, what is the objective of
financial reporting?
Thanks.
Ask the Tutor ACCA FR
regulatory and conceptual framework
5y ago#1Hi,
I'm well, thanks, but it was a bit of a wet and miserable weekend here in the UK. Hope the studying is going well.
I'd say that the chances are very slim of this type of question appearing as we've not seen it in the past so unlikely to see if in the future. If it did then it would be for very few marks indeed. I'd focus your attention elsewhere in your studies.
Thanks
Hello.
Ohh yeah, I heard about the bad weather in the U.K. from my sister.
And Yes, the studies are going fine.
Nevertheless, Thank you for your continuous guidance and support.
And as you advised I'd rather focus on important topics first.
Thanks, again.
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