What is the current status of the conceptual framework, Accounting Basics

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What is the current status of the conceptual framework

Questions:

1. What is one of the major differences between the IASBAc€?cs and FASBAc€?cs conceptual framework? Explain your answer.

2. What is the current status of the conceptual framework convergence between the FASB and IASB?

3. Explain how the political process of the U.S. and the E.U. may explain the current status of the conceptual framework convergence between the FASB and IASB?

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Accounting Basics: What is the current status of the conceptual framework

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Accounting Basics: What is the current status of the conceptual framework

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