A conceptual framework helps to first identify and then clarify what you know, care about, and value as central aspects of a study and then to connect these with the various other aspects of and influences on your research (Ravitch & Riggan, 2016).
What is the main purpose of the conceptual framework?
The primary purpose of the Conceptual Framework was to assist the IASB in the development of future IFRSs and in its review of existing IFRSs . The Conceptual Framework may also assist preparers of financial statements in developing accounting policies for transactions or events not covered by existing standards.
What is the purpose of conceptual framework?
The Conceptual Framework (or “Concepts Statements”) is a body of interrelated objectives and fundamentals. The objectives identify the goals and purposes of financial reporting and the fundamentals are the underlying concepts that help achieve those objectives.
What is the purpose of the framework?
A Framework is a platform used as a foundation for developing applications . It provides a structure in which software developers can build programs for a specific platform.
Why do we need conceptual framework?
The main reasons for developing an agreed conceptual framework are that it provides a framework for setting accounting standards , a basis for resolving accounting disputes, fundamental principles which then do not have to be repeated in accounting standards.
How do you start a conceptual framework?
- Choose your topic. Decide on what will be your research topic. ...
- Do a literature review. Review relevant and updated research on the theme that you decide to work on after scrutiny of the issue at hand. ...
- Isolate the important variables. ...
- Generate the conceptual framework.
What are the types of conceptual framework?
The types of conceptual frameworks are taxonomy, visual representa- tion, and mathematical description . The content of conceptual frameworks include reading process, reading aptitude, and the learning-to-read process.
What are the elements of conceptual framework?
The conceptual framework is composed of a basic objective, fundamental concepts, and recognition, measurement, and disclosure concepts . Each of these topics is discussed in Chapter 2 and should enhance your understanding of the topics covered in intermediate accounting.
What should a conceptual framework contain?
A conceptual framework illustrates what you expect to find through your research. It defines the relevant variables for your study and maps out how they might relate to each other . You should construct a conceptual framework before you begin collecting data. It is often represented in a visual format.
What are the disadvantages of conceptual framework?
Setting up a conceptual framework is time-consuming and expensive too. Developing countries may not be able to afford to create a conceptual framework of accounting . Conceptual accounting comes with a lot of rigidity. Some features of conceptual framework may not provide much guidance to accounting.
What is the conceptual framework of a research study?
A conceptual framework includes one or more formal theories (in part or whole) as well as other concepts and empirical findings from the literature. It is used to show relationships among these ideas and how they relate to the research study .
What is meant by a conceptual framework?
Conceptual framework is defined as a network, or “plane,” of linked concepts that together provide a comprehensive understanding of a phenomenon . Each concept of a conceptual framework plays an ontological or epistemological role in the framework.
How do you write a conceptual framework sample?
- Choose your topic. I am interested to know what affects the satisfaction of our customers. ...
- Make your research question. ...
- Conduct a review of the literature. ...
- Choose your variables. ...
- Choose your relationships. ...
- Create the conceptual framework.
What is a conceptual model example?
Conceptual models are abstract, psychological representations of how tasks should be carried out . People use conceptual models subconsciously and intuitively as a way of systematizing processes. For example, a common mental model for creating appointments involves calendars and diaries.
What are the difference between theoretical and conceptual framework?
The theoretical framework provides a general representation of relationships between things in a given phenomenon . The conceptual framework, on the other hand, embodies the specific direction by which the research will have to be undertaken. ... The conceptual framework is also called the research paradigm.
What is conceptual framework and its example?
A conceptual framework is an analytical tool that is used to get a comprehensive understanding of a phenomenon . It can be used in different fields of work and is most commonly used to visually explain the key concepts or variables and the relationships between them that need to be studied.
