Question: The lettered items that follow represent a classification scheme for th concepts of financial accounting. Match each numbered term in the list that follows witl
The lettered items that follow represent a classification scheme for th concepts of financial accounting. Match each numbered term in the list that follows witl the letter of the category in which it belongs.
a Qualitative characteristics
b Financial statements
c Objective of accounting information
d Accounting measurement considerations
e Accounting processing considerations
f Decision makers users of accounting information
g Accounting conventions
h Business activities or entities relevant to accounting measurement
Conservatism
Verifiability
Statement of cash flows
Materiality
Faithful representation
Recognition
Costbenefit
Predictive value
Business transactions
Consistency
Full disclosure
Furnishing information that is useful to investors and creditors
Specific business entities
Classification
Management
Neutrality
Internal accounting control
Valuation
Investors
Completeness
Relevance
Furnishing information that is useful in assessing cash flow prospects
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