Exam 2: The Pursuit of the Conceptual Framework

Under Statement of Financial Accounting Concepts No.8,which of the following is not a qualitative characteristic associated with faithful representation?

Which early accounting theorist was among the first to express the view that all changes in the value of assets and liabilities should be reflected in the financial statements?

Under Statement of Financial Accounting Concepts No.8,which of the following is an ingredient of the primary quality of faithful representation?

Which of the following organizations published the monograph titled A Statement of Accounting Principles?

Which of the following is not an approach to accounting theory As categorized by Statement on Accounting Theory and Theory Acceptance?

Discuss how the FASB and the IASC acted to improve comparability under the Norwalk Agreement.

Discuss accounting Research Study No.1.

Discuss the contribution DR Scott to the development of accounting theory.

Discuss the contributions of Paton and Canning to the development of accounting theory.

Discuss the qualitative characteristics of accounting information as outlined in SFAC No.8

Who was the author of Accounting Research Study No.1,The Basic Postulates of Accounting?

What is meant by consistency when discussing financial accounting information?

What is meant by comparability when discussing financial accounting information?

An item is considered material if

Under Statement of Financial Accounting Concepts No.8,the ability through consensus of measures to ensure that information represents what it purports to represent is an example of the concept of

Discuss the issue of principles based vs.rule based accounting standards.

Under Statement of Financial Accounting Concepts No.8,which of the following relates to both relevance and reliability?

How did ASOBAT define accounting and what two new ideas arose from this monograph?

Which of the following is considered a constraint by Statement of Financial Accounting Concepts No.8?

What were the approaches to accounting theory identified by SATTA?