Examlex
________ lay(s) out a framework for the future and provide(s) a blueprint for control.
Conceptual Framework
An organized system of objectives and fundamentals that can lead to consistent standards in accounting and guides the selection of transactions to be accounted for.
IFRS
International Financial Reporting Standards, a set of international accounting standards stating how particular types of transactions and other events should be reported in financial statements.
GAAP
Generally Accepted Accounting Principles, a set of rules encompassing the details, complexities, and legalities of business and corporate accounting.
U.S. Standards
This can refer to various official norms and regulations established by organizations and government agencies in the United States spanning different industries and areas such as accounting, safety, and quality.
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