CONCEPTUAL FRAMEWORK FOR FINANCIAL REPORTING参考.ppt

Learning Objectives Describe the usefulness of a conceptual framework. Describe efforts to construct a conceptual framework. Understand the objective of financial reporting. Identify the qualitative characteristics of accounting information. Define the basic elements of financial statements. Describe the basic assumptions of accounting. Explain the application of the basic principles of accounting. Describe the impact that constraints have on reporting accounting information. Conceptual Framework Conceptual Framework Conceptual Framework First Level: Basic Objective “To provide financial information about the reporting entity that is useful to present and potential equity investors, lenders, and other creditors in making decisions in their capacity as capital providers.” Second Level: Fundamental Concepts Second Level: Fundamental Concepts Second Level: Fundamental Concepts Second Level: Fundamental Concepts Second Level: Fundamental Concepts Second Level: Fundamental Concepts Second Level: Fundamental Concepts Second Level: Fundamental Concepts Second Level: Fundamental Concepts Second Level: Basic Elements Second Level: Basic Elements Second Level: Basic Elements Second Level: Basic Elements Second Level: Basic Elements Second Level: Basic Elements Third Level: Recognition, Measurement, and Disclosure Concepts Third Level: Assumptions Third Level: Assumptions Third Level: Assumptions Third Level: Principles Third Level: Principles Third Level: Principles Third Level: Principles Third Level: Principles Third Level: Principles Third Level: Principles Third Level: Constraints Third Level: Constraints Concepts of capital maintenance The concepts of capital maintenance refers to the amount of capital that must maintained by an entity before profit for the period can be recognized. Financial capital maintenance Physical capital maintenance (see note lesson 1 p26) Concepts of capital maintenance Historical cost/financial capital maintenance model,means that the