Which of the Following Is NOT a Purpose of the Conceptual

question 6

Multiple Choice

Which of the following is NOT a purpose of the conceptual framework of accounting?

• A) To provide definitions of key terms and fundamental concepts
• B) To provide specific guidelines for resolving situations not covered by existing accounting standards
• C) To assist accountants and others in selecting among alternative accounting and reporting methods
• D) To assist the FASB in the standard-setting process

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Definitions:

Kingsley Davis

A prominent American sociologist and demographer known for his work on human populations, family structure, and urbanization.

More Pleasant

Referring to something that is nicer, more enjoyable, or more agreeable in comparison to something else.

Talcott Parsons

An American sociologist known for his contributions to social action theory and for developing the framework of structural functionalism.

Polity

An organized society or state as a political entity, including its governance, constitution, and political principles.