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Topic: Does the current accounting framework meet the needs of the users of financial reports as prescribed in the objective of the Conceptual Framework of Accounting? How the conceptual framework rev

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Topic: Does the current accounting framework meet the needs of the users of financial reports as prescribed in the objective of the Conceptual Framework of Accounting? How the conceptual framework revision to include Prudence is likely to address the disparity in Corporate Reporting is a requirement in your analysis.

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Question Preview:

Topic: Does the current accounting framework meet the needs of the users of financial reports as prescribed in the objective of the Conceptual Framework of Accounting? How the conceptual framework revision to include Prudence is likely to address the disparity in Corporate Reporting is a requirement in your analysis.

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Executive summery
This is an individual assignment; reflect the usage of financial report, and requirements to meet the objective of financial report. There are numbers of large group of individual
stakeholders; all the groups of stakeholders used the financial report for collecting and analyzing the information’s of business entity in order to make sound decisions. However there are some areas which are critical to the financial reports, which need to be updated, and amended, with the

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