Accounting

  1. The Conceptual Framework of Accounting
    1. Standard-Setting Bodies
      1. Financial Accounting Standards Board (FASB)
        1. Role and Structure
          1. Standard-Setting Process
            1. Due Process Procedures
            2. International Accounting Standards Board (IASB)
              1. Role and Structure
                1. IFRS Development
                  1. Global Harmonization Efforts
                  2. Other Regulatory Bodies
                    1. Securities and Exchange Commission (SEC)
                      1. American Institute of Certified Public Accountants (AICPA)
                        1. Public Company Accounting Oversight Board (PCAOB)
                      2. Generally Accepted Accounting Principles (GAAP)
                        1. Definition and Purpose
                          1. Hierarchy of GAAP
                            1. Application in Practice
                              1. Evolution and Updates
                              2. International Financial Reporting Standards (IFRS)
                                1. Key Differences from GAAP
                                  1. Global Adoption
                                    1. Convergence Efforts
                                    2. Fundamental Qualitative Characteristics
                                      1. Relevance
                                        1. Predictive Value
                                          1. Confirmatory Value
                                            1. Materiality
                                            2. Faithful Representation
                                              1. Completeness
                                                1. Neutrality
                                                  1. Freedom from Error
                                                2. Enhancing Qualitative Characteristics
                                                  1. Comparability
                                                    1. Consistency
                                                      1. Cross-Entity Comparisons
                                                      2. Verifiability
                                                        1. Direct Verification
                                                          1. Indirect Verification
                                                          2. Timeliness
                                                            1. Timely Reporting
                                                              1. Trade-off with Accuracy
                                                              2. Understandability
                                                                1. Clarity of Presentation
                                                                  1. User Comprehension
                                                                2. Key Accounting Principles and Assumptions
                                                                  1. Economic Entity Assumption
                                                                    1. Going Concern Assumption
                                                                      1. Monetary Unit Assumption
                                                                        1. Periodicity Assumption
                                                                          1. Historical Cost Principle
                                                                            1. Revenue Recognition Principle
                                                                              1. Expense Recognition (Matching) Principle
                                                                                1. Full Disclosure Principle
                                                                                  1. Conservatism Principle
                                                                                    1. Materiality Principle

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                                                                                  1. Introduction to Accounting

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                                                                                  3. The Accounting Equation and Transaction Analysis