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6 Cards in this Set
- Front
- Back
- 3rd side (hint)
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what are the two fundamental qualities of Financial Reporting? |
Relevance Faithful Representation |
Radio Frequency |
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Name three ingredients of Relevance |
Predictive value confirmatory value material |
Professionally cunning monkeys |
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what are three ingredients of Faithful Representation |
completeness neutrality free from error |
cold north face |
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what is the objective of Financial Reporting |
decision Usefulness |
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what are the 4 enhancing characteristics of the conceptual framework |
comparability understandability verifiability timeliness |
can uncle Vernon type? |
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What is the conceptual framework intended to establish |
The objective and concepts for use in developing standards of financial accounting reporting |
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