Five Accounting Concepts and Qualitative Characteristics of Financial Report
VerifiedAdded on 2023/06/18
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AI Summary
This article discusses the five accounting concepts, including accrual concept, money measurement, going concern concept, duality aspect concept, and matching concept. It also describes the qualitative characteristics of financial report that make information useful to users, such as relevance, faithful representation, comparability, understandability, and reliability.
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