Accounting standards : statements of financial accounting concepts
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Bibliographic Information
Accounting standards : statements of financial accounting concepts
Wiley, c1997
1997/98 ed
- : pbk
- Other Title
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Statements of financial accounting concepts
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Note
Includes index
Description and Table of Contents
Description
FASB publications offer a way to solve unstructured problems, aiming to challenge students to think critically about the standard setting process, learn research skills, and become familiar with professional accounting tools. This volume presents the full text of five of the six Statements of Financial Accounting Concepts issued to date. The existing concepts are intended to serve the public interest by setting the objectives, qualitative characteristics, and other concepts that guide selection of economic events to be recognised and measured for financial reporting and their display in financial statements. Unlike a Statement of Financial Accounting Standards, a Statement of Financial Accounting Concepts does not establish generally accepted accounting principles.
Table of Contents
Objectives of Financial Reporting by Business Enterprises. Qualitative Characteristics of Accounting Information. Elements of Financial Statements of Business Enterprises. Objectives of Financial Reporting by Nonbusiness Organizations. Recognition and Measurement in Financial Statements of Business Enterprises. Elements of Financial Statements (a replacement of FASB Concepts Statement No. 3--incorporating an amendment of FASB Concepts Statement No. 2). Topical Index.
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