Conceptual Framework for Financial Reporting 2018 IFRS Framework

The Conceptual Framework for the Financial Reporting (let’s title it just “Framework”) is a basic document that sets objectives and the concepts for general purpose financial reporting. Its predecessor, Framework for the preparation and presentation of the financial statements was issued back in 1989. Then in 2010, IASB published the new document, Conceptual Framework for the Financial Reporting, however it was a bit unfinished as a few concepts and chapters were missing. The newest and completed Framework published in 2018 comprises 8 chapters and in this article, I would like to sum it up. Source: https://www.ifrsbox.com/ifrs-conceptu...