1. Describe the elements of financial statements - asset, liability, equity, income, and expenses.
2. Discuss the recognition and derecognition process.
3. Compare the measurement bases and the information provided by particular measurement bases.
4. Enumerate and explain the factors to consider when selecting a measurement basis.
5. Illustrate presentation and disclosure as communication tools.
6. Explain the objectives and principles of presentation and disclosure, as well as the concept of aggregation.
7. Discuss the concepts of capital, capital maintenance and the determination of profit.