This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Conceptual framework

Title Description
Concepts (Elements of financial statements) Superseded. This is a project was initiated in 2001 and was intended to explore similarities and differences between the definitions of the elements of financial statements. This project has been replaced by the comprehensive Conceptual Framework joint project being undertaken by the IASB and FASB.
Conceptual Framework — Comprehensive IASB project Completed 2018. The revised version of the Conceptual Framework was issued on 29 March 2018.
Conceptual Framework — IASB-FASB joint project Originally a joint IASB-FASB project to develop a common conceptual framework to be used as a basis for accounting standards, this project was suspended and replaced in 2012 by an IASB-only comprehensive project.
Conceptual Framework Phase F — Purpose and status Part of the IASB-FASB comprehensive project on the Conceptual Framework, dealing with the Conceptual Framework's authoritative status, with the goal of developing a framework that is of comparable authority for the use of both the IASB and FASB in the standard-setting process. This project was discontinued when the overall IASB-FASB project was replaced by an IASB-only comprehensive project during 2012.
Conceptual Framework Phase A – Objective and qualitative characteristics Completed 2010. Part of the comprehensive project on the Conceptual Framework, dealing with topics such as stewardship, primary users and attributes that make financial information useful. 'Conceptual Framework for Financial Reporting 2010' was issued on 28 September 2010.
Conceptual Framework Phase E — Presentation and disclosure Part of the IASB-FASB comprehensive project on the Conceptual Framework, dealing with the concepts underlying display and disclosure of financial information, including the boundaries of such information. This project was replaced by an IASB-only comprehensive project during 2012.
Conceptual Framework Phase C — Measurement Part of the IASB-FASB comprehensive project on the Conceptual Framework, dealing with how the various elements of the financial statements should be measured. This project was replaced by an IASB-only comprehensive project during 2012.
Conceptual Framework Phase B — Elements and recognition Part of the IASB-FASB comprehensive project on the Conceptual Framework, dealing with the various elements of the financial statements, such as assets, liabilities, revenues and expenses and their broad recognition requirements. This project was replaced by an IASB-only comprehensive project during 2012.
Conceptual Framework Phase D — Reporting entity Part of the IASB-FASB comprehensive project on the Conceptual Framework, dealing with the boundaries of the reporting entity. This project was replaced by an IASB-only comprehensive project during 2012.
Conceptual Framework Phase H — Remaining issues Part of the IASB-FASB comprehensive project on the Conceptual Framework, dealing with any residual issues after completion of the other phases. This project was discontinued when the overall IASB-FASB project was replaced by an IASB-only comprehensive project during 2012.
Conceptual Framework Phase G — Application to not-for-profit entities Part of the comprehensive project on the Conceptual Framework, which will consider the applicability of the concepts developed in earlier phases to not-for-profit entities in the private sector. This project was discontinued when the overall IASB-FASB project was replaced by an IASB-only comprehensive project during 2012.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.