FASB's Conceptual Framework for Accounting
This video provides an overview of the conceptual framework created by the Financial Accounting Standards Board (FASB) to guide the development of Generally Accepted Accounting Principles (GAAP) in the United States. The conceptual framework includes the objective of financial reporting, the elements of financial reports (assets, liabilities, etc.), and the qualitative characteristics of accounting information. The conceptual framework also highlights assumptions that are made when preparing financial reports, as well as several principles and constraints that affect financial accounting.-
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Пікірлер: 13
it is very easy to understand but will will appreciate it more if it was more louder than it is
You made it easy to understand....Very helpful Thankyou
thank you, pretty valuable information and channel
I feel so hopeful because of your videos!!
Great examples throughout the video. Very informative video on the conceptual framework.
Hard to believe that at one point, there were pretty much no standards for financial reporting.
God bless you!!!
I like the examples and well explained
@Edspira
2 жыл бұрын
Glad you found the video helpful!
Is this for Canada?
How many coconuts is this machine worth? lol
@AJKittle
3 жыл бұрын
We measure in bananas here.