Chapter 3 The Conceptual Framework

1.Underlying assumption

1)Going concern持续经营

2)Accrual basis 权责发生制

2.The qualitative characteristics of financial information

1)Fundamental qualitative characteristics

a)Faithful representation

Ÿ Complete 完整

Ÿ Neutral 中立

Ÿ Free from error客观无偏差

Ÿ Substance over form实质重于形式

b)Relevance

2)Enhancing qualitative characteristics

a)Comparability可比较性

b)Verifiability可验证性

c)Timeliness及时性

d)Understandability可理解性

3.Other concepts

1)Fair presentation

2)Consistency 一致性

3)The business entity concept

4)Prudence concept谨慎概念