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Accounting Standards

The document outlines the conceptual framework for standard setting which identifies goals and purposes of accounting, guides selection of transactions to account for, and establishes methods for measuring, summarizing and communicating financial information to external users.

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ValerieAnnVilleroAlvarezValiente
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44 views1 page

Accounting Standards

The document outlines the conceptual framework for standard setting which identifies goals and purposes of accounting, guides selection of transactions to account for, and establishes methods for measuring, summarizing and communicating financial information to external users.

Uploaded by

ValerieAnnVilleroAlvarezValiente
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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CONCEPTUAL FRAMEWORK STANDARD SETTING

OBJECTIVES,
STANDARDS
CONCEPTS, PRINCIPLES,
AND DEFINITONS

IDENTIFY
GUIDE THE SELECTION OF THE
GOALS AND TRANSACTIONS, EVENTS AND ESTABLISH METHODS AND
PURPOSE OF ARRANGEMENTS TO BE PROCEDURES FOR
ACCOUNTING ACCOUNTED FOR THE MEASURING, SUMMARIZING,
RECOGNITION AND AND COMMUNICATING
MEASUREMENT OF THEM, AND FINANCIAL ACCOUNTING
THE MEANS SUMMARIZING INFORMATION TO EXTERNAL
AND COMMUNICATING THE USERS
INFORMATION TO EXTERNAL
USERS

THE ACCOUNTING STANDARDS


STATEMENTS OF FINANCIAL CODIFICATION AND
ACCOUNTING CONCEPTS ACCOUNTING STANDARDS
UPDATES

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