The Conceptual Framework identifies four enhancing qualitative characteristics of financial information. For which of these characteristics is DISCLOSURE OF ACCOUNTING POLICIES particularly important?
举一反三
- IASB’s Conceptual Framework gives four enhancing qualitative characteristics of financial information. What are these four characteristics?? Relevance, Faithful representation, Comparability and Consistency|Relevance, Faithful representation, Accrual and Going concern|Relevance, Faithful representation, and Verifiability|Comparability, Verifiability, Timeliness and Understandability
- The Conceptual Framework identifies an UNDERLYING ASSUMPTION in preparing financial statements. This is:
- Which of the following is the most important of all the characteristics of culture.
- Which TWO of the following are accounting concepts? A: Code of ethics B: Going concern C: Accruals D: Conceptual framework
- Which of the following is NOT likely included in the annual report as other information? A: Financial summaries or highlights B: Employment data C: Names of officers and directors D: Significant accounting policies