Ch 1 · Theoretical Framework

6 concept points · 0 formulas · 4 exam-critical points.

🗺️ Chart summary

Accounting Concepts
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     +-- Going Concern ----> entity continues
     +-- Accrual --------> earned / incurred
     +-- Consistency ----> uniform policies
     +-- Prudence -------> conservatism
     +-- Materiality ----> disclose if relevant