Valix Finacc vol 1 Problem 1-13

Financial Accounting Volume 1 2008 Valix-Peralta
Chapter 1 Problem 1-13

1. Systematic and rational allocation as a matching process
2. Comparability or consistency
3. Monetary unit
4. Income recognition principle
5. Time Period
6. Going concern and cost principle
7. Accounting entity
8. Materiality
9. Completeness or standard of adequate disclosure
10. Conservatism or prudence