Statements of Financial Accounting Concepts: Accounting Standards
The FASB Statements of Financial Accounting Concepts contains the full text of five of the six Statements of Financial Accounting Concepts issued to date. These concepts establish the objectives, qualitative characteristics, and other concepts that guide selection of economic events to be recognized and measured for financial reporting their display in financial statements.
What people are saying - Write a review
We haven't found any reviews in the usual places.
Qualitative Characteristics of Accounting Information
Elements of Financial Statements of Business Enterprises
3 other sections not shown
Other editions - View all
accepted accounting principles accounting and reporting accounting information Accounting Principles accrual accounting affect allocation amount assessing assets of not-for-profit assets or liabilities business enterprises cash flow statements cash flows cash receipts Certified Public Accountants cial commonly comprehensive income cost definitions Discussion Memorandum distributions to owners donors elements of financial enterprise's entity's events and circumstances example Exposure Draft external financial reporting FASB Concepts Statement Financial Accounting Concepts Financial Accounting Standards financial information financial statements footnote future economic benefit incurred inflows information provided investments by owners managers materiality ment nonbusiness organizations not-for-profit organizations Objectives of Financial obligations operations organization's paragraph period permanently restricted provide information provided by financial purpose external financial qualitative characteristics qualities recognition criteria recognized reporting should provide representational faithfulness resource providers restricted net assets result revenues and gains Statement of Financial Statements of Business stipulations temporarily restricted tion unrestricted users