Compare and contrast the objectives of financial statements as Essay

Thoroughly analyze the goals of budget reports as sketched out by the Companies Act and Conceptual Framework - Essay Example There are numerous likenesses between the Companies Act and the Conceptual system. Both the Companies Act and the Conceptual Framework list the obligations of the top managerial staff to the overall population. Both the Companies Act and the Conceptual Framework count the obligations of the top managerial staff to the overall population. Both the Companies Act and the Conceptual Framework count the duties of the top managerial staff to the overall population. Second, Both the Companies Act and the Conceptual Framework that count the duties of the top managerial staff to the overall population makes it a MUST that the arrangement of fiscal summaries will encourage a closer connection between providers, clients and different clients of the budget reports. Next, Both the Companies Act and the Conceptual Framework that list the obligations of the directorate to the overall population makes it a MUST that the arrangement of fiscal reports to decide whether the organization has not damaged any natural traditions that must be adhered to. Both the Companies Act and the Conceptual Framework express that the organization must endure the outcomes of their choices that disregard the rules that everyone must follow. Moreover, the focal point of both the Companies Act and the reasonable structure is to utilize autonomous judgment in the arrangement of budget summaries.