Optimization of Customer Satisfaction for Green Design and Decision-Making Method | Chapter 4 | Modern Perspectives in Economics, Business and Management Vol. 7

The research focused on the International Accounting Standard Board Conceptual Framework, which lays out a comprehensive set of ideas for quality financial reporting, standard setting, and professional guidance in developing reliable reporting strategies so that others can try to understand and decipher the principles. The study used a conceptual review technique, focusing on discourses within the realm of narrative proofs from the Global Accounting Standards Board, professional accounting groups, and academic research. The status and purpose of the IASB conceptual framework, which includes the objective of financial reporting, qualitative characteristics of useful financial information, financial statement and the reporting entity, financial statement elements, recognition and de-recognition, and concepts of capital and capital maintenance, were also discussed in the article. As a result, the study determined that while the framework is not a standard, its design is intended to aid the Board in formulating principles and preparers in producing consistent financial reporting methodologies.


Author (S) Details

Dr. Lara F. Hourani
Department of Management Science and Engineering, Northwestern Polytechnical University, Xi’an, China.


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