What is the overriding object

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Reference no: EM132990434

Question - The FASB developed a conceptual framework that provides the underlying foundation for Accounting Standards. What is the overriding object of financial reporting and what are:

a. the qualitative characteristics that financial reporting information should possess to be useful?

b. the 10 elements of financial statements?

c. the recognition, measurement and disclosure assumptions and principles for preparing financial statements?

Reference no: EM132990434

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