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Differences between AASB6 and AASB Conceptual Framework

   

Added on  2022-12-20

7 Pages1169 Words56 Views
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Running head: ADVANCED FINANCIAL ACCOUNTING
Advanced Financial Accounting
Name of the Student:
Name of the University:
Author’s Note:
Differences between AASB6 and AASB Conceptual Framework_1

1ADVANCED FINANCIAL ACCOUNTING
Executive Summary:
This report aims at analyzing and understanding the differences between the AASB6 and AASB
framework. AASB6 is an Australian accounting standard, applicable for Exploration for and
Evaluation of Mineral Resources, and the AASB framework is the set of guidelines for financial
accounting and reporting. As AASB6 is an accounting standard governing a particular segment
of accounting and the AASB framework is the overall guiding principle of accounting, there are
certain similarities between these two. In this report, all those similarities and differences have
been outlined briefly.
Differences between AASB6 and AASB Conceptual Framework_2

2ADVANCED FINANCIAL ACCOUNTING
Table of Contents
Introduction:....................................................................................................................................3
Similarities between AASB6 and AASB Conceptual Framework:.................................................3
Differences between AASB6 and AASB Conceptual Framework:................................................4
Conclusion:......................................................................................................................................5
References and bibliography:..........................................................................................................6
Differences between AASB6 and AASB Conceptual Framework_3

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