1. You are a student of UTAS-Shinas attending online classes for the subject Intermediate Accounting 1. The 'Conceptual framework of financial reporting is a topic of much importance to understand the very nature of what is covered by the course. Hence you are asked to view the below given picture and write a report on all the aspects that form a part of the same. Conceptual Framework for Financial Reporting 2018 IFRS box The Objective of General Purpose Financial Reporting Qualitative characteristics of Useful Financial Information S Financial statements and the Reporting Entity The Elements Financial Statements Recognition and Derecognition S Measurement 7 Presentation and Disclosure Concepts of capital and Capital Maintenance (