Assume that the FASB has decided to address the problem of information overload. It has agreed to eliminate one of the principles, assumptions, constraints, or qualitative characteristics listed below. This concept will be deleted from all textbooks and will no longer be considered important in accounting literature.

\section*{Instructions}
With the class divided into groups, each group will be assigned one or more items on the list and do these exercises:

(a) Discuss within your group why your specific concept(s) should not be eliminated.

(b) Pick a group leader who will present to the class the group's reasons why the FASB should not delete the group's concept(s).

(c) At the end of all presentations, the class should vote on which concept to delete.

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Relevance Reliability Comparability and consistency Economic entity Monetary unit Revenue recognition Time period Matching Full disclosure Cost Materiality Conservatism