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Explain in detail the third level (concepts of accounting recognition, measurement and disclosure) in the conceptual framework of financial accounting according to the latest edition
Explain in detail the third level (concepts of accounting recognition, measurement and disclosure) in the conceptual framework of financial accounting according to the latest edition of the International Accounting Standards Board (IASB), which was issued in 2018, and became effective as of 1/1/2020. The answer should include an explanation of the following in detail: 1. Accounting assumptions 2. Accounting principles 3. Accounting determinants
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