THE CONCEPTUAL FRAMEWORK FOR FINANCIAL

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THE CONCEPTUAL FRAMEWORK FOR FINANCIAL by Mind Map: THE CONCEPTUAL FRAMEWORK FOR FINANCIAL

1. THE OBJETIVES

1.1. Of general purpose financial reporting

1.1.1. provide the financial information about the reporting entity

1.1.1.1. Investors, Lenders, and Other creditors

1.1.1.1.1. help the make various decisions importants for entity

2. CHARACTERISTICS

2.1. ENHANCING QUALITATIVE

2.2. Relevance

2.3. Materiality

2.4. Faithful representation

2.5. FUNDAMENTAL QUALITATIVE

2.5.1. Comparability

2.5.2. Verifiability

2.5.3. Timeliness

2.5.4. Understandability

3. FINANCIAL STATEMENTS

3.1. STATEMENT OF FINANCIAL POSITION

3.1.1. Assets,

3.1.2. Liabilities,

3.1.3. Equity

3.2. STATEMENTS OF FINANCIAL PERFORMANCE

3.2.1. Income, and Expenses

3.3. STATEMENTS OF CASH FLOWS

3.3.1. Contribuciones y distribuciones a los accionistas, y Métodos, suposiciones, juicios utilizados y sus cambios

4. THE ELEMENTS

4.1. Assets

4.2. Liability

4.3. Equity

4.4. Income

4.5. Expenses

5. RECOGNITION

5.1. MEASUREMENT

5.1.1. PRESENTATION

5.1.1.1. DISCLOSURE

6. CAPITAL

6.1. his is synonymous with the net assets or equity of the entity.

6.2. FINANCIAL

6.2.1. Nominal monetary units, or

6.2.2. Units of constant purchasing power.

6.3. PHYSICAL

6.3.1. units of output per day.