Question

Discuss the conceptual framework of PCA? What is its objective?

Answer 1

Answer :-

Conceptual framework of PCA :-

Theoretical Framework is standerds which are utilized to take care of the functional issues or we can state these are generaly satisfactory principals .It help in identifing the objectives and goal of money related announcing and make monetary data usefull.

Client of Conceptual structures for money related bookkeeping :- it assume an extremely crutial job

1.it provied guidelince to the expertes who set benchmarks .it help in growing new principals and assess orignealy acknowledged principals

2. It assist inspectors with checking the books of records of the association, which dont have predefined measures

3. help in guaranteeing concistancy

4. help in identifing manupulated monetary explanation

5.helps in identifing nature,function and constraint of budgetary bookkeeping and revealing and announcing prerequisite will be more concistant

Objective :-

yes, it can provied goal and unbiased picture of element execution .it helps in delineating genuine picutes of financials explanation .on the off chance that solid calculated structures are actualized, bookkeeping is done legitimately and parcel of end can be drawn by simply observing the situation in monetary articulation as the portray the adiquate and genuine picture and help in keeping away from biaseness .and we can without much of a stretch compaier the execution with inentity and furthermore with outside the substance as announcing prerequisites are consitant and standise