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Critically review the joint FASB/IASB Conceptual Framework project started in 2005 on the concept of 'income' in relation to Hicks (1946) definition...
Critically review the joint FASB/IASB Conceptual Framework project started in 2005 on the concept of ‘income’ in relation to Hicks (1946) definition of ‘income’. Evaluate the processes and the work plan. Can the project be expected to lead to superior financial reporting?
