FASB 11 Concepts
- Money measurement
- Entity
- Going concern
- Cost
- Dual aspect
- Accounting period
- Conservation
- Realization
- Matching
- Consistency
- Materiality
Read more about this topic: Financial Accounting Standards Board
Famous quotes containing the word concepts:
“It is impossible to dissociate language from science or science from language, because every natural science always involves three things: the sequence of phenomena on which the science is based; the abstract concepts which call these phenomena to mind; and the words in which the concepts are expressed. To call forth a concept, a word is needed; to portray a phenomenon, a concept is needed. All three mirror one and the same reality.”
—Antoine Lavoisier (1743–1794)
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