Discuss the rationale behind this standard. All the following criteria must be met 1. No party portrayed as either acquirer or acquired 2. All parties participate in establishing management structure 3. No party dominates another 4.
Consideration comprises equity shares in the combined entity.
In general terms, a conceptual framework is a statement of generally accepted theoretical principles which form the frame of reference for a particular field of enquiry. Discuss the issues that standard setters have faced in trying to develop a conceptual framework.