Ch 1 · Framework for Preparation of Financial Statements & AS Overview

🗺️ Chart summary

Financial Statements
       |
   Objective -> Useful info for decisions
       |
   Qualitative -- Relevance, Reliability, Comparability, Understandability
       |
   Elements -- Asset, Liab, Equity, Income, Expense
       |
   Measurement -- HC, CC, NRV, PV