What’s the deal with conceptual frameworks? (2024)

FAQs

What’s the deal with conceptual frameworks? ›

A conceptual framework illustrates the expected relationship between your variables. It defines the relevant objectives for your research process and maps out how they come together to draw coherent conclusions. Tip You should construct your conceptual framework before you begin collecting your data.

A conceptual framework in research is used to understand a research problem and guide the development and analysis of the research. It serves as a roadmap to conceptualize and structure the work by providing an outline that connects different ideas, concepts, and theories within the field of study.

An example of a Conceptual Framework in a quantitative study could be exploring the direct relation between years of education and income levels. The variables, in this case, are easily quantifiable (years of education and income), and the relationship can be empirically tested to generate statistical findings.

This conceptual framework brings together three main entities: Integrated Collaborative Technologies, Team Collaboration and Proactive Behaviour. These three notable entities are used to support project managers' strategies in order to successfully fulfil the project.

While a theoretical framework describes the theoretical underpinnings of your work based on existing research, a conceptual framework allows you to draw your own conclusions, mapping out the variables you may use in your study and the interplay between them.

The Importance of a Conceptual Framework in Research

Provide a basis for research design: The conceptual framework provides a blueprint for the research study, outlining the key concepts, variables, and relationships between them. This helps researchers to design a study that is logical, structured, and focused.

A conceptual framework helps to first identify and then clarify what you know, care about, and value as central aspects of a study and then to connect these with the various other aspects of and influences on your research (Ravitch & Riggan, 2016).

One of the best things about the Project Management framework is that it makes project planning and execution more consistent. Since a Project Management Framework puts a lot of emphasis on planning every detail of a project, the overall plan is clear and consistent.

Why is conceptual framework important in financial statements? ›

The conceptual framework outlines the objectives of financial reporting and the qualities of good accounting information, precisely defines commonly used terms such as asset and revenue, and provides guidance about appropriate recognition, measurement, and reporting.

What is one reason the FASB began to develop a conceptual framework for financial reporting? To help resolve financial reporting controversies. To help accountants have a set of ethical standards by which to compare their decisions.

A conceptual framework includes one or more formal theories (in part or whole) as well as other concepts and empirical findings from the literature. It is used to show relationships among these ideas and how they relate to the research study.

The main purpose of the Framework is to: assist in the development of future IFRS and the review of existing standards by setting out the underlying concepts. promote harmonisation of accounting regulation and standards by reducing the number of per mitted alternative accounting treatments.

Both theoretical and conceptual frameworks have a significant role in research. Frameworks are essential to bridge the gaps in research. They aid in clearly setting the goals, priorities, relationship between variables. Frameworks in research particularly help in chalking clear process details.

The Conceptual Framework deals with concepts that apply to general purpose financial reporting (financial reporting) under the accrual basis of accounting.

A Conceptual Framework should increase financial statement users' understanding and confidence in financial reporting.

A conceptual framework provides several benefits. It allows researchers and reviewers to acknowledge the contributions of their work and promotes meaningful discussion among reviewers and readers.

The theoretical framework connects the researcher to existing knowledge. Guided by a relevant theory, you are given a basis for your hypotheses and choice of research methods. Articulating the theoretical assumptions of a research study forces you to address questions of why and how.