AAT LEVEL 4 Financial Statements, THE FRAMEWORKS ,REVISION FLASH CARDS
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Created by Gemma Doney
over 8 years ago
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Close
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Created by Gemma Doney
over 8 years ago
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Conceptual Framework
Conceptual Framework
Elements of Financial Statements
ASSETS
Conceptual Framework
Elements of Financial Statements
LIABILITIES
Conceptual Framework
Elements of Financial Statements
EQUITY
Conceptual Framework
Elements of Financial Statements
INCOME
Conceptual Framework
Elements of Financial Statements
EXPENSES
Conceptual Framework
Underlying Assumption
GOING CONCERN
Conceptual Framework
FUNDAMENTAL Qualitative Characteristics
RELEVANCE
Conceptual Framework
FUNDAMENTAL Qualitative Characteristics
FAITHFUL REPRESENTATION
Conceptual Framework
ENHANCING Qualitative Characteristics
COMPARABILITY
Conceptual Framework
ENHANCING Qualitative Characteristics
VERIFIABILITY
Conceptual Framework
ENHANCING Qualitative Characteristics
TIMELINESS
Conceptual Framework
ENHANCING Qualitative Characteristics
UNDERSTANDABILITY
Accounting Standards
Companies Act 2006
Accounting Standards
Purpose of Accounting Standards
CREDIBILITY
Accounting Standards
Purpose of Accounting Standards
COMPARABILITY
Accounting Standards
Purpose of Accounting Standards
DISCIPLINE
Measurement basis
HISTORICAL COST
Measurement Basis
REALISABLE VALUE
Measurement Basis
CURRENT COST
Measurement Basis
PRESENT VALUE
ACCOUNTING EQUATION
