The objective of the Conceptual Framework project is to improve financial reporting by providing a more complete, clear and updated set of concepts.
http://eifrs.ifrs.org/eifrs/Go/Conceptual-Framework
In 2010, the FASB and the IASB issued two chapters of a revised conceptual framework. For the FASB, they were issued as a part of FASB Concepts Statement No. 8, Conceptual Framework for Financial Reporting. These chapters became effective as soon as they were issued and now form part of the FASB’s existing Conceptual Framework.
http://www.fasb.org/jsp/FASB/FASBContent_C/ProjectUpdatePage&cid=900000011090
For the concept in aesthetics and art criticism, see The Conceptual Framework. For the concept in computing, see Conceptual schema. For the concept in philosophy, see Paradigm. A conceptual framework is an analytical tool with several variations and contexts. It is used to make conceptual distinctions and organize ideas. Strong conceptual frameworks capture something real and do this in a way that is easy to remember and apply.
https://en.wikipedia.org/wiki/Conceptual_framework
In 2010, the IASB and the FASB suspended work on the joint conceptual framework to concentrate on other projects on their agendas. On January 29, 2014, the FASB Chairman, in consultation with the other Board members, decided that the FASB would perform research on the conceptual framework project. This project is no longer being conducted with the IASB.
http://www.fasb.org/jsp/FASB/FASBContent_C/ProjectUpdatePage&cid=900000011090
“A framework is a set of concepts that are logically and sequentially arranged to explain and predict the occurrence of a certain phenomenon. So, if you study this definition carefully, you will be satisfied for the need for conceptual framework but if you still want more proof, then keep on reading ahead.
http://www.dissertation-help.co.uk/dissertation_guide/Purpose-conceptual-framework.php
The Conceptual Framework is not a Standard and does not override specific Standards. Hence, the proposed changes to the Conceptual Framework will not have an immediate effect on the financial statements of most reporting entities.
http://eifrs.ifrs.org/eifrs/Go/Conceptual-Framework
In October 2004, the FASB and the IASB added to their agendas a joint project to develop an improved, common conceptual framework that builds on their existing frameworks (that is, the IASB’s Framework for the Preparation and Presentation of Financial Statements and the FASB’s Concepts Statements).
http://www.fasb.org/jsp/FASB/FASBContent_C/ProjectUpdatePage&cid=900000011090
So when you are designing your framework, make sure that you keep these 5 queries in mind. So there you have the purpose of conceptual framework, importance and benefits of conceptual framework that should convince you how importance it is to create a framework for your dissertation.
http://www.dissertation-help.co.uk/dissertation_guide/Purpose-conceptual-framework.php
The framework can also help you justify the techniques and procedures that you have adopted in your research with just one glance. The best way to design a graphically shape a framework is to list down all the previous researches in bullets and briefly write the methodology, technique and outcome of their studies. If you already have this prepared, then you will have quite an easy time when it is time to justify or defend your methodology.
http://www.dissertation-help.co.uk/dissertation_guide/Purpose-conceptual-framework.php
ProjectsWork plan for IFRSConceptual Framework. The Conceptual Framework describes the objective of, and the concepts for, general purpose financial reporting. It is a practical tool that: assists the Board to develop IFRS Standards that are based on consistent concepts;
http://eifrs.ifrs.org/eifrs/Go/Conceptual-Framework
what is purpose of conceptual framework
The purpose of the Conceptual Framework is to improve financial reporting by providing a more complete, clear, and updated set of concepts. The purpose of the conceptual framework is to improve financial reporting by providing a more complete, clear and updated set of concepts.