Write 2 page paper discussing the below topic. In order to get full points for this assignment, you need to ensure that you cover the fully the below questions. The paper is expected to be double spaced 12 font times new roman Topic The FASB has been working on a conceptual Framework fo faciala continga deporting and has issued seven Staten res of Finncial Accounting C and fundamentals that will be the basis for developing fnancial accounting and reporting standards. The objectives idenily the goals and purposes of nancial cpt The eSFACs eneded e at ives h accounting -concepts that guide the selection of transac inter-ested parties. The purpose of SFAC No. 8. "Qualitative Characteristics of Accounting Infiormation is to examine the c information discussed in SFAC No. fnancial reporting The fundamentals are the underlying concepts of means of summarizing and communicating them to qualtsies of and circumstances to be accounted for, the aracteristics that make accounting information use-ludl The characteristics or 8 are the ingredients that make e intormation useful and the qualties to be sought when accounting choices are made useful Required a Identily and dscuss the benefts that can be expected to be derived from the FASB's conceptiual framework study b. What are the two fundamental qualities that make accourting informa-tion usefu Write 2 page paper discussing the below topic. In order to get full points for this assignment, you need to ensure that you cover the fully the below questions. The paper is expected to be double spaced 12 font times new roman Topic The FASB has been working on a conceptual Framework fo faciala continga deporting and has issued seven Staten res of Finncial Accounting C and fundamentals that will be the basis for developing fnancial accounting and reporting standards. The objectives idenily the goals and purposes of nancial cpt The eSFACs eneded e at ives h accounting -concepts that guide the selection of transac inter-ested parties. The purpose of SFAC No. 8. "Qualitative Characteristics of Accounting Infiormation is to examine the c information discussed in SFAC No. fnancial reporting The fundamentals are the underlying concepts of means of summarizing and communicating them to qualtsies of and circumstances to be accounted for, the aracteristics that make accounting information use-ludl The characteristics or 8 are the ingredients that make e intormation useful and the qualties to be sought when accounting choices are made useful Required a Identily and dscuss the benefts that can be expected to be derived from the FASB's conceptiual framework study b. What are the two fundamental qualities that make accourting informa-tion usefu