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 Usul Financial Information SE Financial statements and the Reporting Entity The Elements of Financial Statements Recognition Durecognition S Mert 7 Presentation Decor Concepts of capital Capital Maintenance (1 b. Present the information that you have collected in the form of an all-inclusive report. Note: (i) Each of the above areas should be explained in detail. However, cut, copy and pasting from any source is not acceptable (ii) Proper referencing has to be done throughout your project as to what resource has been used for the collection of your information. (iii) [Do not just paste links, but use the accepted APA or MLA citation styles] Kindly refrain from copying the reports of your friends as it will increase the percentage of similarity in Turnitin