Skip to main content
Business LibreTexts

5.1: Learning objectives

  • Page ID
    20003
  • After studying this chapter, you should be able to:

    • Identify and discuss the underlying assumptions or concepts of accounting.

    • Identify and discuss the major principles of accounting.

    • Identify and discuss the modifying conventions (or constraints) of accounting.

    • Describe the conceptual framework project of the Financial Accounting Standards Board.

    • Discuss the nature and content of a company's summary of significant accounting policies in its annual report.

    • Was this article helpful?