MODULE 1 - THE CONCEPTUAL FRAMEWORK Module objectives: After going through this module, you will be able to: 1. Understand the purposes of Conceptual Framework 2. Explain the scope of Framework 3. Identity an explain briefly the contents and elements of Financial Statements 4. Understand the qualitative characteristics of Financial Statements 5. Explain the recognition of various elements in the Financial Statements You can watch this lecture on YouTube here https://youtu.be/rJSR-f178Tc