Int. Accounting (Ch. 2 cont.)

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Author:
Dbadams94
ID:
308176
Filename:
Int. Accounting (Ch. 2 cont.)
Updated:
2015-09-20 04:16:02
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ACC
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ACC
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  1. Basic principle that involves disclosing all information that would affect decisions of informed users.
    Full disclosure principle
  2. 2 parts of full disclosure. (NS)
    • 1. Notes to financial statements
    • 2. Supplementary information
  3. The... sometimes justifies the departure from GAAP.
    cost constraint
  4. According to the..., the benefits of providing information should exceed the cost of providing information.
    cost-benefit
  5. The theory of accounting against which practical problems can be tested objectively.
    Conceptual framework
  6. The set of ideas and objectives that leads to consistent standards.
    Conceptual framework
  7. The... assumption assumes that the dollar is stable and doesn't lose purchasing power.
    monetary unit

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