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ACCOUNTING CONCEPT
1. HISTORICAL COST
2. THE MONETARY UNIT CONCEPT
3. THE ECONOMIC ENTITY CONCEPT
4. GOING CONCERN CONCEPT
5. CONSISTENCY CONCEPT
6. ACCOUNTING PERIOD CONCEPT
7. MATERIALITY CONCEPT
8. REVENUE RECOGNITION
9. EXPENSE RECOGNITION
10. FULL DISCLOSURE
11. OBJECTIVITY
12. FAIR VALUE MEASUREMENT
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