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| | </div><td><div class="boilerplate metadata" id="news" style="margin: 0 2.5%; text-align: left; background: #EEE8AA; padding: 0 10px; border: 1px solid #FFD700"><center> | | </div><td><div class="boilerplate metadata" id="news" style="margin: 0 2.5%; text-align: left; background: #EEE8AA; padding: 0 10px; border: 1px solid #FFD700"><center> |
| | '''Content Update<Br>''New features at the Chrono Compendium''</center> <br> | | '''Content Update<Br>''New features at the Chrono Compendium''</center> <br> |
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| − | </div></table>
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| − | <table width="100%" border="0" cellspacing="10"><tr><td valign="top" width="50%">
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| − | Intermediate Accounting Aims
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| − |
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| − | * Capital allocation and investment decisions
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| − | * Help investors assess amounts, timing, and uncertainty of prospective cash receipts
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| − | * Clearly portray economic resources of an enterprise and claims on them
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| − | Intermediate Accounting Qualitative Concepts (Concepts No. 2)
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| − |
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| − | * Understandablity
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| − | * Relevance (Predictive value, feedback value, timeliness)
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| − | * Reliability (Verifiability, representational faithfulness, neutrality)
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| − | * Comparability
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| − | * Consistency
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| − |
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| − | Intermediate Accounting Constraints
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| − |
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| − | * Cost-benefit of producing information
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| − | * Materiality
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| − | * Industry practices
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| − | * Conservatism – choose least likely to overstate assets and income
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| − | </td><td valign="top" width="50%">
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| − | Conceptual Framework Aims
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| − |
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| − | * Capital allocation and investment decisions
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| − | * Clearly portray economic resources of an enterprise and claims on them
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| − | * Help investors assess amounts, timing, and uncertainty of prospective cash flows
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| − | * Help investors assess management's stewardship
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| − |
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| − | Intermediate Accounting Qualitative Concepts
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| − |
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| − | * Relevance (predictive value, feedback value)
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| − | * Representational faithfulness (completeness, neutrality, accuracy)
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| − | * Verifiability
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| − | * Timeliness
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| − | * Comparaibility
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| − | * Understandability
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| − |
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| − | Conceptual Accounting Constraints
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| − |
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| − | * Materiality
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| − | * Cost
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| − | </td></table>
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| − |
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| − | Basic Assumptions
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| − |
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| − | * Economic entity assumption
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| − | * Going concern
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| − | * Monetary Unit
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| − | * Periodicity
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| − |
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| − | Basic Principles
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| − |
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| − | * Historical cost principle
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| − | * Revenue recognition
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| − | * Matching principle
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| − | * Full disclosure principle
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