1. There are many information that might be useful for users of financial statements. How- ever, the information are not always mandated in the form of accounting standard.

   A. Should all the accounting information be mandated for presentation and disclosure in financial statements by way of accounting standards? Why?

   B. What component/part of the Conceptual Framework should the standard setters use to decide whether an accounting standard should be issued for mandating or not mandat- ing the disclosure of accounting information?

   C. Describe how the decision process is made under this component of the Conceptual Framework!