Identifying Conceptual Framework Topics The following topics 1 through 6 are discussed in the context of the FASB's conceptual framework. 1. Objective of general-purpose financial reporting 2. Qualitative characteristics of financial information 3. Accounting principles 4. Accounting assumptions 5. Accounting constraint 6. Financial statement elements Required Listed below are subtopics of the above topics. Match the subtopics a through with the topics 1 through 6. Subtopic a. Revenue recognition criteria b. Full disclosure Accounting assumptions Topic Qualitative characteristics of financial Information + x Accounting constraint c. Cost effectiveness d. Assets, liabilities, and equity (defined) e. Materiality f. Comparability g. Revenues and expenses (defined) h. Monetary unit I. Verifiability J. Comprehensive Income (defined) k. Fundamental characteristics I. To aid in decision-making on resource allocation m. Enhancing characteristics Objective of general-purpose financial reporting Accounting principles Financial statement elements Accounting assumptions Accounting constraint Objective of general-purpose financial reporting Accounting principles x * x x x Qualitative characteristics of financial Information x x x x * x * * * * x * Financial statement elements Accounting principles n. Provide financial Information to Investors and creditors Financial statement elements o. Expense recognition p. Going concern q. Predictive value r. Distributions to owners (defined) Accounting constraint Objective of general-purpose financial reporting Accounting assumptions Qualitative characteristics of financial Information + x