audit assignment 0

the conceptual framework deals with the following issues:

1. the objective of fianancial reporting. ( 15 marks )

2. the qualitative characteristics of useful financial information. ( 15 marks )

3. the elements of financial statements and their definitions. ( 15 marks )

4. the recognition of the elements of financial statements. ( 15 marks )

5.the measurements of elements of financial statements. ( 15 marks )

6. concepts of capital and capital maintainance. ( 15 marks )

required:

illustrate with examples how the conceptual framework resolves each of these issues

about 2000 words