Match the descriptions with their terms :
-A conceptual framework issued by the IASB and adopted by the AASB in 2005.
A) Resource providers
B) Materiality
C) Assets
D) SAC 12
E) Full disclosure principle
F) Cost
G) A conceptual framework
H) Verifiability
I) The Conceptual Framework
J) The Framework
K) Losses
L) Contingent liabilities

Question

Match the descriptions with their terms :
-A conceptual framework issued by the IASB and adopted by the AASB in 2005.
A) Resource providers
B) Materiality
C) Assets
D) SAC 12
E) Full disclosure principle 
F) Cost
G) A conceptual framework
H) Verifiability
I) The Conceptual Framework
J) The Framework
K) Losses
L) Contingent liabilities

Quizplus · Accepted Answer

The Conceptual Framework is a document issued by the IASB and adopted by the AASB in 2005, providing guidelines for financial reporting.

Match the Descriptions with Their Terms