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Regulatory framework

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Regulatory framework

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by John Moffat.
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  • November 18, 2021 at 5:03 pm #641013
    johnbriane
    Member
    • Topics: 170
    • Replies: 160
    • ☆☆☆

    Sir what’s the difference between regulatory framework and conceptual framework

    November 19, 2021 at 6:43 am #641037
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 51532
    • ☆☆☆☆☆

    The conceptual framework is listing the concepts (ideas) that are applied in accounting (such as the prudence concept). The regulatory framework is the Accounting Standards which state the rules about how these concepts should be applied in specific situations.

    Have you read our lecture notes on this and watched the free lectures on them?

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