Question: What are the differences among: > Cost Principle > Measurement Principle > Historical Cost Principle > Fair Value Principle + what are the differences among:

What are the differences among: > Cost Principle

> Measurement Principle

> Historical Cost Principle

> Fair Value Principle

+ what are the differences among:

> Accrual Basis

> Revenue Recognition Principle

> Expense Recognition Principle

+ what are the differences between:

> Matching Principle

> Expense Recognition Principle

+ what are the differences between:

> Full Disclosure Principle

> Completeness (Qualitative Characteristic)

I often interchange these in answering CFAS questions. Can you explain what makes each different from the other? Also, are there any tips or keywords to remember?

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