When the “conceptual framework project” was launched, one of the most valuable assurances given by the US Financial Accounting Standards Board was that there were to be no preconceptions:

This Statement contains no conclusions about matters such as the identity, number, or form of financial statements … [and] should not be interpreted as implying a particular set of financial statements.

[FASB (1978) p.2]


Cash Flow Balance Sheet Financial Position International Financial Reporting Standard International Account Standard 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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© Robert Anthony Rayman 2013

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  • R. A. Rayman

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