The Conceptual Framework states that an entity's choices of measurement bases and capital maintenance concept determine the
Question:
The Conceptual Framework states that an entity's choices of measurement bases and capital maintenance concept determine the accounting model used in the preparation of the financial statements.
(a) Explain the measurement bases identified in the Conceptual Framework.
(b) Explain the capital maintenance concepts identified in the Conceptual Framework.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
1 Measurement bases are specific approaches to measuring assets and liabilities under the measurement model selected Measurement bases provide information that best meets the qualitative characteristi...View the full answer
Answered By
Subin Babu
I would like to read new lessons and become a part of the knowledge environment. Because we cannot survive without learn the current changes in all areas of the environment. So that we are required to learn the knowledge not only from our books in the syllabus but also from the surrounding also. Learning keeps you busy and it helps you to spend time productively. Create a stronger work-life balance studying will help you overcome job burnout, allows you to pause, and regenerate energy. Improve your brain health learning is a brain exercise. One thing you must remember is that failing your exams is not the end of the world. Exam failure is one of the many hurdles you will have to surpass in your life, and there are always possibilities to learn and rise above failure. After all, I'm sure most of you have heard the saying 'failure makes you stronger'. We know this is not true, as the human brain stops growing in size somewhere during our mid-20s. Still, humans can continue to learn new information well into old age.
I teach commerce subject like accountancy, business studies, marketing, etc., the best experience that I would like to share is that irrespective of basics that an individual has, need to help the student in understanding the core concepts in clarity. In that way, I am able to push my students in understanding the basic logical structure of subject and excel slowly. I prefer and pump the concepts slowly rather than going in a supersonic speed. For any student (irrespective of class) acquiring interest in the subject matters rather than learning like a machine.
0 Reviews
10+ Question Solved
Related Book For 
International Financial Reporting A Practical Guide
ISBN: 978-1292200743
6th edition
Authors: Alan Melville
Question Posted:
