Conceptual Framework for Financial Reporting 2010

Conceptual Framework for Financial Reporting 2010

1. Introduction

   • Purpose and status
   • Scope

2. Chapters

   • The objective of general purpose financial reporting
   • The reporting entity
     • to be added
   • Qualitative characteristics of useful financial information
   • The Framework (1989)
     • Underlying assumption
     • The elements of financial statements
     • Recognition of the elements of financial statements
     • Measurement of the elements of financial statements
     • Concepts of capital and capital maintenance