1
Q
What is Relevance concept?
A
Components of relevance are predictive value, confirming value, and materiality.
FAR 1- Accounting concepts
flashcards
Decks in class (22)
# Cards
-
Accounting Concepts1
-
Reporting1
-
Prior Period Adjustment Question1
-
Change In Depreciation1
-
Error Correction1
-
Understatement Of Inventory1
-
Tax Impact On PPA1
-
Cumulative Effect Of A Change In Accounting Principle1
-
Temporary Declines In Inventory1
-
Effective Income Tax Rate1
-
Change From Fifo To Lifo1
-
Permanent Decline In Inventort1
-
Extraordinary Item2
-
Development Stage Deficit1
-
Development Stage Enterprise1
-
Faithful Representation1
-
Foreign Currency1
-
Replacent Cost1
-
Current Market Value1
-
IFRS1
-
Relevance1
-
Comprehensive Income1
