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Which central goal in establishing a conceptual framework

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Reference no: EM132619538

Problem 1: A central goal in establishing a conceptual framework of accounting will be to obtain general consensus on:

Select one:

Option a. the qualitative characteristics that financial information should possess.

Option b. what the elements of financial reporting are, including agreement on the characteristics and recognition criteria for assets, liabilities, income, expenses and equity.

Option c. the scope and objectives of financial reporting and the qualitative characteristics that financial information should possess.

Option d. the scope and objectives of financial reporting.

Reference no: EM132619538

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