A sound accounting framework allows for all of the followingbenefits except:

a. They specify how transactions and other business eventsshould be recognized, measured, presented, and disclosed infinancial statements.

b. They state that the financial transactions are recorded inthe accounting period in which they occur regardless of whethercash has been exchanged.
c. They outline the fundamental rules and concepts and establishthe framework on which detailed accounting standards arebased.
d.They provide useful financial information about a business’resources which allows users to make informed decisions.