What are the aspects of Conceptual Framework?

The Conceptual Framework (or “Concepts Statements”) is a body of interrelated objectives and fundamentals. The objectives identify the goals and purposes of financial reporting and the fundamentals are the underlying concepts that help achieve those objectives. Those concepts provide guidance in selecting transactions, events and circumstances to be accounted for, how they should be recognized and measured, and how they should be summarized and reported.

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The framework is not complete. For example, matters of financial presentation, derecognition, disclosure, and the definition of a reporting entity are not addressed. Furthermore, certain aspects of the framework that were addressed, such as recognition and measurement, remain incomplete. The FASB’s framework was, for the most part developed three decades ago. Since then, business and financial activities have become increasingly complex. As a result, many of today’s standard-setting issues are different and more complex than those that were contemplated when the framework originally was developed. For that reason, some updating of the framework may be both desirable and necessary to enable it to continue to contribute toward the FASB’s solutions for future issues. After performing a comprehensive review of the framework, the Board decided to add a project to its agenda to address presentation and measurement concepts. The Board concluded that those areas were the most deficient and could provide significant benefits in addressing current and future financial reporting problems. The lack of concepts in these areas has led to inconsistent decisions in the presentation and measurement requirements in GAAP. The Board also is developing a framework for disclosures. The objective of that project is to improve the effectiveness of disclosures in notes to financial statements by clearly communicating the information that is most important to users of a reporting organization’s financial statements.

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Method of organizing information

For the concept in aesthetics and art criticism, see The Conceptual Framework. For the concept in computing, see Conceptual schema. For the concept in philosophy, see Paradigm.

A conceptual framework is an analytical tool with several variations and contexts. It can be applied in different categories of work where an overall picture is needed. It is used to make conceptual distinctions and organize ideas. Strong conceptual frameworks capture something real and do this in a way that is easy to remember and apply.

Isaiah Berlin used the metaphor of a "fox" and a "hedgehog" to make conceptual distinctions in how important philosophers and authors view the world.[1] Berlin describes hedgehogs as those who use a single idea or organizing principle to view the world (such as Dante Alighieri, Blaise Pascal, Fyodor Dostoyevsky, Plato, Henrik Ibsen and Georg Wilhelm Friedrich Hegel). Foxes, on the other hand, incorporate a type of pluralism and view the world through multiple, sometimes conflicting, lenses (examples include Johann Wolfgang von Goethe, James Joyce, William Shakespeare, Aristotle, Herodotus, Molière, and Honoré de Balzac).

Economists use the conceptual framework of "supply" and "demand" to distinguish between the behavior and incentive systems of firms and consumers.[2] Like many conceptual frameworks, supply and demand can be presented through visual or graphical representations (see demand curve). Both political science and economics use principal agent theory as a conceptual framework. The politics-administration dichotomy is a long-standing conceptual framework used in public administration.[3] All three of these cases are examples of a macro level conceptual framework.

Overview

The use of the term conceptual framework crosses both scale (large and small theories)[4][5] and contexts (social science,[6][7] marketing,[8] applied science,[9] art[10] etc.). Its explicit definition and application can therefore vary.

Conceptual frameworks are particularly useful as organizing devices in empirical research. One set of scholars has applied the notion of conceptual framework to deductive, empirical research at the micro- or individual study level.[11][12][13][14] They employ American football plays as a useful metaphor to clarify the meaning of conceptual framework (used in the context of a deductive empirical study).

Likewise, conceptual frameworks are abstract representations, connected to the research project's goal that direct the collection and analysis of data (on the plane of observation – the ground). Critically, a football play is a "plan of action" tied to a particular, timely, purpose, usually summarized as long or short yardage.[15] Shields and Rangarajan (2013) argue that it is this tie to "purpose" that make American football plays such a good metaphor. They define a conceptual framework as "the way ideas are organized to achieve a research project's purpose".[13] Like football plays, conceptual frameworks are connected to a research purpose or aim. Explanation[16] is the most common type of research purpose employed in empirical research. The formal hypothesis of a scientific investigation is the framework associated with explanation.[17]

Explanatory research usually focuses on "why" or "what caused" a phenomenon to occur. Formal hypotheses posit possible explanations (answers to the why question) that are tested by collecting data and assessing the evidence (usually quantitative using statistical tests). For example, Kai Huang wanted to determine what factors contributed to residential fires in U.S. cities. Three factors were posited to influence residential fires. These factors (environment, population and building characteristics) became the hypotheses or conceptual framework he used to achieve his purpose – explain factors that influenced home fires in U.S. cities.[18]

Types

Several types of conceptual frameworks have been identified,[13][14][19] and line up with a research purpose in the following ways:

• Working hypothesis – exploration or exploratory research[20]
• Pillar questions – exploration or exploratory research
• Descriptive categories – description or descriptive research
• Practical ideal type – analysis (gauging)
• Models of operations research – decision making
• Formal hypothesis – explanation and prediction

Note that Shields and Rangarajan (2013) do not claim that the above are the only framework-purpose pairing. Nor do they claim the system is applicable to inductive forms of empirical research. Rather, the conceptual framework-research purpose pairings they propose are useful and provide new scholars a point of departure to develop their own research design.[13]

Frameworks have also been used to explain conflict theory and the balance necessary to reach what amounts to resolution. Within these conflict frameworks, visible and invisible variables function under concepts of relevance. Boundaries form and within these boundaries, tensions regarding laws and chaos (or freedom) are mitigated. These frameworks often function like cells, with sub-frameworks, stasis, evolution and revolution.[21] Anomalies may exist without adequate "lenses" or "filters" to see them and may become visible only when the tools exist to define them.[22]

See also

• Analogy
• Inquiry
• Conceptual model
• Theory

References

1. ^ Berlin, Isaiah (1953), The Hedgehog and the Fox: An Essay on Tolstoy's View of History London: Weidenfeld & Nicolson; 1986 New York: Simon and Schuster, introduction by M. Walzer.
2. ^ Colander, David. 2013. Microeconomics, 9th edition, New York: McGraw Hill and Frank, Robert and Ben Bernanke. 2013. Principles of Microeconomics, 5th edition. New York: McGraw Hill.
3. ^ Overeem, P. (2012), The Politics Administration Dichotomy: Toward a Constitutional Perspective (2 ed.), CRC Press, ISBN 978-1-4665-5899-1
4. ^ Ravitch; Riggan (2012), Reason and Rigor: How Conceptual Frameworks guide Research, Thousand Oaks CA: Sage, p. xiii
5. ^ Maxwell, J. (2009), "Designing a qualitative study", in Bickmam, L.; Rog, D. (eds.), The State Handbook of Applied Social Science Research, Thousand Oaks, CA: Sage, p. 222
6. ^ Rodman, Hyman (1980), "Are Conceptual Frameworks Necessary for Theory Building? The Case of Family Sociology", The Sociological Quarterly, 21 (3): 429–441, doi:10.1111/j.1533-8525.1980.tb00623.x
7. ^ Moorstein, Mark. Frameworks, Conflict in Balance.
8. ^ Jaworski, B; Stathakopoulos, V.; Krishnan, H. S. (1993), "Control Combinations in Marketing: Conceptual Framework and Empirical Evidence", Journal of Marketing, 57 (1): 57–69, doi:10.1177/002224299305700104, S2CID 167836808
9. ^ Hobbs, R.; Norton, D. (2006), "Towards a Conceptual Framework for Restoration Ecology", Restoration Ecology, vol. 4, no. 2, pp. 93–110
10. ^ Eco, Umberto (1978), A Theory of Semiotics, Indiana University Press, p. 310, ISBN 978-0-2532-0217-8 endnote #47
11. ^ Shields, Patricia M.; Tajalli, Hassan (2006), "Intermediate Theory: The Missing Link in Successful Student Scholarship", Journal of Public Affairs Education, 12 (3): 313–334, CiteSeerX 10.1.1.576.6985, doi:10.1080/15236803.2006.12001438, S2CID 141201197
12. ^ Baum, K. (2003), "Assessing Group Conflict: Understanding the Line-Staff Relationship in Fire Service", in Pammer, W.; Killian, J. (eds.), Handbook of Conflict Management, New York: Marcel Dekker, pp. 129–135
13. ^ a b c d Shields, Patricia; Rangarajan, Nandhini (2013). A Playbook for Research Methods: Integrating Conceptual Frameworks and Project Management. Stillwater, OK: New Forums Press. ISBN 978-1-58107-247-1.
14. ^ a b Shields, Patricia (1998), "Pragmatism as a Philosophy of Science: A Tool for Public Administration", Research in Public Administration, 4: 195–225
15. ^ Shields, Patricia (2014), Tools for Excellent Papers: 2014 ASPA Student Summit, Washington D.C.: Texas State University Presentation at the American Society for Public Administration annual conference, Washington DC March 15, This powerpoint depicts the connection between football and conceptual frameworks in the context of a large graduate student paper. The national presentation was delivered before Public Administration graduate students in Washington DC.
16. ^ Babbie, Earl (2007), The Practice of Social Research (11th ed.), Belmont, CA: Thompson, Wadsworth, p. 89 Babbie also identifies exploration and description as purposes of empirical research
17. ^ Brains, C.; Willnat, L.; Manheim, J.; Rich, R. (2011), Empirical Political Analysis: Quantitative and Qualitative Research Methods, New York, NY: Longman, pp. 75–77 Brains et al 2011 also identify exploration, explanation and description as research purposes. Explanation is connected to hypotheses testing (as a framework). The other research purposes are not connected to a framework.
18. ^ Huang, Kai (2009), "Population and Building Factors that impact residential fire rates in large U.S. Cities", An Applied Research Project Submitted to the Department of Political Science, Texas State University-San Marcos, in Partial Fulfillment for the Requirements for the Degree of Masters of Public Administration, Spring 2009, Applied Research Projects, Texas State University: 42 The formal hypotheses took the form of relational statements. H1: environmental factors influence residential fire rates; H2: populations characteristics influence residential fire rates; H3: Building factors influence residential fire rates. These hypotheses could be represented visually as H1: A → RFR; H2: B → RFR; H3: C → RFR where A = environmental factors; B = population characteristics; C = Building Factors and RFR = Residential Fire Rates.
19. ^ Shields, Patricia; Whetsell, Travis (2017), "Public Administration Methodology: A Pragmatic Perspective", in Raadshelders, Jos; Stillman, Richard (eds.), Foundations of Public Administration, Melvin and Leigh, pp. 75–92, ISBN 978-0-9973-0842-6
20. ^ Casula, M., Rangarajan, N. & Shields, P. The potential of working hypotheses for deductive exploratory research. Qual Quant (2020). https://doi.org/10.1007/s11135-020-01072-9
21. ^ Moorstein, Mark (June 2004). Frameworks, Conflict in Balance. iUniverse. ISBN 978-0-5953-1824-7.
22. ^ Thomas Kuhn. (1996) The Structure of Scientific Revolutions

Further reading

• Kaplan, Abraham (1964). The Conduct of Inquiry: Methodology for Behavioral Science. Scranton, PA: Chandler Publishing Co. ISBN 978-0-3521-1700-7. conceptual framework.
• Botha, M. E. (1989). "Theory Development in Perspective: The Role of Conceptual Frameworks and Models in Theory Development". Journal of Advanced Nursing. 14 (1): 49–55. doi:10.1111/j.1365-2648.1989.tb03404.x. PMID 2926015.
• Dewey, John (1938). Logic: The Theory of Inquiry. New York: Holt, Rinehart and Winston. ISBN 978-0-0300-5250-7.
• Shields, Patricia and Rangarajan, Nandhini. (2013). A Playbook for Research Methods: Integrating Conceptual Frameworks and Project Management. Stillwater, OK; New Forums Press (ISBN 1-58107-247-3)

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