conceptual framework .txt

Card Set Information

Author:
mdf
ID:
292864
Filename:
conceptual framework .txt
Updated:
2015-01-12 18:33:36
Tags:
accounting kieso
Folders:
accounting
Description:
accounting
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  1. 1st level
    Objective
  2. 2nd level (2)
    • 1 Qualitative characteristics
    • 2 Elements
  3. Qualitative characteristics (2)
    • 1 Fundamental qualities
    • 2 Enhancing qualities
  4. 3rd level (3)
    • 1 Asumptuous
    • 2 Principles
    • 3 Constraints
  5. 1st level question
    Why
  6. 3rd level question
    How
  7. Fundamental qualities (2)
    • 1 Relevance
    • 2 Faithful representation
  8. Enhancing qualities (4)
    • 1 Comparability
    • 2 Verifiability
    • 3 Timeliness
    • 4 Understandability
  9. Relevance (3)
    • 1 Predictive value
    • 2 Confirmatory value
    • 3 Materiality (matters)
  10. Faithful representation (3)
    • 1 Completeness
    • 2 Neutrality
    • 3 Free from error
  11. Elements (10)
    • 1 Assets
    • 2 Liabilities
    • 3 Equity
    • 4 Investment by owners
    • 5 Distribution to owners
    • 6 Comprehensive income
    • 7 Revenues
    • 8Expenses
    • 9 Gains
    • 10 Losses
  12. 3rd level (3 concepts)
    • 1 Recognition
    • 2 Measurement
    • 3 Disclosure
  13. Assumptions (4)
    • 1 Economic entity
    • 2 Going concern
    • 3 Monetary unit
    • 4 Periodicity
  14. Principles (4)
    • 1 Measurement
    • 2 Revenue recognition
    • 3 Expense recognition
    • 4 Full disclosure
  15. Constraint (1)
    1 Cost
  16. 3rd level (3)
    • 1 Assumptions
    • 2 Principles
    • 3 Constraint

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