儿童近视治疗目前儿童近视通过佩戴课件.ppt

Conceptual Framework Underlying Financial Accounting;Describe the usefulness of a conceptual framework. Describe the FASB’s efforts to construct a conceptual framework. Understand the objectives of financial reporting. Identify the qualitative characteristics of accounting information. Define the basic elements of financial statements. Describe the basic assumptions of accounting. Explain the application of the basic principles of accounting. Describe the impact that constraints have on reporting accounting information.;Conceptual Framework;The Need for a Conceptual Framework;Review: A conceptual framework underlying financial accounting is important because it can lead to consistent standards and it prescribes the nature, function, and limits of financial accounting and financial statements.;Review: A conceptual framework underlying financial accounting is necessary because future accounting practice problems can be solved by reference to the conceptual framework and a formal standard-setting body will not be necessary.;Objective 2;The Framework is comprised of three levels:;ASSUMPTIONS Economic entity Going concern Monetary unit Periodicity;What are the Statements of Financial Accounting Concepts intended to establish? Generally accepted accounting principles in financial reporting by business enterprises. The meaning of “Present fairly in accordance with generally accepted accounting principles.” The objectives and concepts for use in developing standards of financial accounting and reporting. The hierarchy of sources of generally accepted accounting principles.;Financial reporting should provide information that: ;According to the FASB conceptual framework, the objectives of financial reporting for business enterprises are based on? Generally accepted accounting principles Reporting on management’s stewardship. The need for conservatism. The needs of the users of the information.;Question:;Qualitative Characteristics;Second Level: Qualitative Character