CPC 00 - Conceptual Structure for Financial Reporting

CFC SCORE: AUD 2, CMN2, SUSEP 2, ProGP 2, Expert 2, PREVIC 2, ProRT 2

Program:

  • Overview.
  • Status and purpose of the conceptual framework.
  • Purpose, Usefulness, and Limitations of General Purpose Financial Reporting.
  • Information about the reporting entity's economic resources, claims against the entity, and changes in resources and claims.
  • Information on the use of the entity's economic resources.
  • Qualitative characteristics of financial information and cost constraints on useful financial reports.
  • Financial statements and the entity that reports financial statements.
  • Elements of the financial statements.
  • Recognition and derecognition.
  • measurement. Presentation and Dissemination.

Target audience: Controllership, accounting and finance professionals, including accountants, auditors, analysts, consultants and other interested parties.

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