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CHAPTER 2 CONCEPTUAL FRAMEWORK UNDERLYING FINANCIAL ACCOUNTING

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Question;1. Describe the usefulness of a conceptual;framework.;2. Describe efforts to construct a conceptual;framework.;3. Understand the objective of financial reporting.;4. Identify the qualitative characteristics of;accounting information.;5. Define the basic elements of financial;statements.;6. Describe the basic assumptions of;accounting.;7. Explain the application of the basic;principles of accounting.;8. Describe the impact that the cost constraint;has on reporting accounting information.

 

Paper#55023 | Written in 18-Jul-2015

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