Abstract
The paper describes the IASC's development of its Framework for the Preparation and Presentation of Financial Statements which was approved and published in 1989 and subsequently formed part of the IASB's Conceptual Framework. The paper also analyses the IASC's use of that Framework in several of its projects in the later 1980s-early 1990s as well as the controversies over that use. An earlier version of this paper was published in Spanish as ‘El Marco Conceptual: La Experiencia Internacional (The Conceptual Framework – the International Experience)’, in El Marco Conceptual Para La Informacion Financiera: Analysis y Comentarios (The Conceptual Framework for Financial Reporting; Analysis and Commentary), Jorge Tua Pereda (editor), Associacion Espanola de Contabilidad y Administracion de Empresas (AECA), November 2000).
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