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Finance and accounting enables to analyse the various financial as well as income statement in order to evaluate the performance of any organisation.

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The FRSB Conceptual Framework sets out the concept that underlies the preparation and presentation of general purpose financial statements. Refer to the 31st March 2018 financial reports of Fonterra Co-operative Group Ltd. Dannemora Medical Center Ltd is a medical hospital based in East Auckland....

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Question Preview:

The FRSB Conceptual Framework sets out the concept that underlies the preparation and presentation of general purpose financial statements. Refer to the 31st March 2018 financial reports of Fonterra Co-operative Group Ltd. Dannemora Medical Center Ltd is a medical hospital based in East Auckland.

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The conceptual framework of FASB focuses on fundamentals along with the objectives of the business organisation. Moreover, it helps to improve business organisation significantly and many business organisations have adopted this FASB conceptual framework.

It is observed that finance and accounting help business organisation to understand the performance and it enhance the firm's overall performance. The annual report of Fonterra helps to understand the key performance indicators of their sustainable report as they focus to get a sustainable environment.

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