mal place Nw EXERCISES: SETA Financial Accounting Concepts E1A, CONCEPT The lettered items that follow represent a classification scheme for the concepts of financial accounting. Match each numbered term in the list that follows with the letter of the category in which it belongs. a. Qualitative characteristics 7. Cost-benefit b. Financial statements 8. Predictive value c. Objective of accounting information 9. Business transactions d. Accounting measurement 10. Consistency considerations 11. Full disclosure c. Accounting processing considerations 12. Furnishing information that is useful f. Decision makers (users of accounting to investors and creditors information) 13. Specific business entities 8. Accounting conventions 14. Classification h. Business activities or entities relevant to 15. Management accounting measurement 16. Neutrality 1. Conservatism 17. Internal accounting control 2. Verifiability 18. Valuation 3. Statement of cash flows 4. Materiality 5. Faithful representation 6. Recognition 19. Investors 20. Completeness 21. Relevance 22. Furnishing information that is useful in assessing cash flow prospects