上财CGA班中级财务会计FA2PS1课件Ch02ifrs.pptVIP

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: Basic Elements Second Level: Basic Elements Third Level: Recognition, Measurement, and Disclosure Concepts Third Level: Assumptions Third Level: Assumptions Third Level: Principles Third Level: Principles Third Level: Principles Third Level: Principles Third Level: Constraints Copyright Chapter 2-* C H A P T E R 2 CONCEPTUAL FRAMEWORK FOR FINANCIAL REPORTING Intermediate Accounting IFRS Edition Kieso, Weygandt, and Warfield Conceptual Framework First Level: Basic Objective Second Level: Fundamental Concepts Third Level: Recognition, Measurement, and Disclosure Concepts Need Development Overview Qualitative characteristics Basic elements Basic assumptions Basic principles Constraints Summary of the structure Conceptual Framework For Financial Reporting Need for a Conceptual Framework Rule-making should build on and relate to an established body of concepts. Enables IASB to issue more useful and consistent pronouncements over time. LO 1 Describe the usefulness of a conceptual framework. Conceptual Framework establishes the concepts that underlie financial reporting. Development of a Conceptual Framework IASB and FASB are working on a joint project to develop a common conceptual framework Framework will build on existing IASB and FASB frameworks. Project has identified the objective of financial reporting (Chapter 1) and the qualitative characteristics of decision-useful financial reporting information. LO 2 Describe efforts to construct a conceptual framework. Three levels: F