5.1: Learning objectives
- Page ID
- 20003
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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.