In your teams, scan the resources in the following link to answer one set of the questions below. http://accessyoutube.org.uk/IASB+conceptual+frameworkQ 1 - What is the objective of financial reporting?
What does entity mean?
Who are the main users of financial statements?
What does 'providing resources' mean?
Q 2 - What are the qualitative characteristics of financial statements?
What is meant by relevance and faithful representation?
What are the underlying characteristics which support relevance and faithful representation?
What are the two underlying assumptions?
Q 3 - What are the five elements of financial reports?
Identify and explain the five elements of financial reports.
Q 4 - What are the four possible measurement bases for assets?
Identify and explain the four possible measurement bases for assets.
1. Scan relevant sources to research topic questions
2. Critically assess presentation techniques and prepare a group presentation to explain research findings.
Each member of your team should create a different GoConqr activity for your question.
As a team choose the one activity which you think would be the best revision aid for your topic.
Present the chosen activity to the whole group. Explain why you think this activity was the best choice.
3. Select appropriate note making techniques to prepare individual revision aids.
Create personalised notes ensuring that they include the learning outcomes (Screen 1). You may want to create new notes or adapt others.
Share your resource(s) with the group.
4. Give and receive feedback from peers to check understanding
Critically evaluate at least 3 activities and give constructive feedback.
Review any comments made on your resource(s)
2.Prepare a group presentation 3.Prepare individual revision aids. 4.Give and receive feedback