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1 Financial Accounting Concepts E1A. CONCEPT D The lettered items that follow represent a classification...

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Accounting

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1 Financial Accounting Concepts E1A. CONCEPT D The lettered items that follow represent a classification scheme for the concepts of financial accounting. Match each numbered term in the list that follows with the letter of the category in which it belongs a. Qualitative characteristics b. Financial statements c. Objective of accounting intormation d. Accounting measurement considerations c. Accounting processing considerations f. Decision maken fusers of accounting information) g. Accotuting colventions h. Business activities or entities relevant to accounting measurement 1. Conscrvatism 2. Verifiability 3. Statement of cash flows 4. Matcriatiry 5. Vaithfisl represeotation 6. Recoprition 7. Cost-benefit 8. Predictive value 9. Business transactions 10. Consistency 11. Full disclosure 12. Furnishing information that is useful to unvestors and creditors 13. Specific business entitics 14. Classification 15. Management 16. Neutrality 17. Intcrnal accounting control 18. Valuation 19. tineston 20. Cumpteteness 21. Relevaice 22 Furnishing informatem that iv restul in ascoving cash fow proposes

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