Читать книгу Financial Accounting For Dummies - Maire Loughran - Страница 34

Every profession needs a roadmap to help the people employed in the field provide the best possible service while doing their jobs. For example, my airline pilot clients have shown me a detailed checklist they must follow each and every time they get in the cockpit, regardless of how many years of experience they have.

For financial accountants, the Financial Accounting Standards Board (FASB) started work on providing a conceptual framework — a structure of financial accounting concepts — back in the 1970s. The Financial Accounting Standards Board (FASB), which I discuss in Chapter 4, issued eight Statements of Financial Accounting Concepts through February 2018. Six of the eight were issued between 1978 to 1985. The concepts cover the financial accounting topics of objectives, qualitative characteristics, elements, and financial statement measurement.

Not sure what each of these terms means? I discuss this topic in detail in Chapter 6. For now, just remember that this financial accounting conceptual framework exists — or jump to Chapter 6 right now to read all about it!