It Is Argued That the Conceptual Framework Is Descriptive, Not

question 10

Multiple Choice

It is argued that the conceptual framework is descriptive, not prescriptive, because:

• A) Its purpose is to try to improve practice rather than simply reflecting and giving approval to existing accounting principles and practice
• B) It describes what should happen in practice
• C) It simply describes accounting principles as currently practiced and applied
• D) None of the above

---

Definitions:

Syndrome of Inappropriate ADH

A condition characterized by excessive release of antidiuretic hormone leading to water retention and hyponatremia (low sodium levels).

Restrict Fluids

A medical recommendation to limit the amount of liquids consumed, often used in conditions where the body is retaining too much fluid.

Hypoparathyroidism

A rare condition where the parathyroid glands produce too little parathyroid hormone, leading to low calcium levels in the blood.

Serum Phosphorus

A measurement of the amount of phosphorus in the blood, crucial for bone formation, energy storage, and muscle function.