ACC3II & 321 TOPICS (INTERMEDIATE ACCOUNT TOPICS)

SIMPLIFICATION OF FINANCIAL ACCOUNTING TUTORIAL

ACC 311 & 321 TOPICS

About QUESTION & ANSWER ACC 111 & 121 (100 Level Q&E) ACC 211 & 221(200 LEVEL Q&E)

ACCOUNTING STANDARDS (IASB & IFRS)

1. Definition of Accounting Standard
2. What is International Accounting Standard Board (IASB)/International Financial Reorting Standard (IFRS) Foundation?
3. Standards Released by IASB Accounting Standard
4. List of International Accounting Standards (IAS)
5. List of Replaced International Accounting Standards
6. List of International Financial Reporting Standards (IFRS)

Accounting Standars (IAS/IFRS)

CONCEPTUAL FRAMEWORK

1. Definition of Conceptual Framework
2. Why Conceptual Framework? (Reasons)
3. Areas Covered by the Framework
4. Objectives of Financial Statement
5. Underlying Assumption of Financial Statement
i. Accrual Concept
ii. Going Concern Concept
6. Qualitative Characteristics of the Financial Statement
i. Fundamental Attributes
ii. Enhanced Attributes
5. Definition, Recognition and Measurement of the Elements of the Financial Statement
i. Elements of Financial Statement
ii. Recognition of the Elements of Financial Statement
iii. Measurement of the Elements of Financial Statement

Conceptual Framework