Question

The FASB’s Conceptual Framework for Financial Reporting states the objectives of financial reporting. It also identifies two fundamental qualitative characteristics and several enhancing qualitative characteristics of decision-useful financial reporting information, as well as a constraint on financial accounting information.
Required:
Define the objectives of general purpose external financial reporting. Then discuss each of the fundamental and enhancing qualitative characteristics of decision-useful financial reporting information. Finish by discussing the constraint.


$1.99
Sales0
Views36
Comments0
  • CreatedOctober 05, 2015
  • Files Included
Post your question
5000