(On these you don't have to go too indepth if you don't want, I just want to be sure I'm in the right area)

12. Discuss the matching principle and how it applies to recognizing expesnses . Why is the matching principle currently under attack.

13. Respond to the following

a. List some of the possible groups of financial statement users

b. What is meant by "user diversity," and does user diversity create a potential problem?

14. Explain the hierarchy of accounting qualties identified in SEAC No. 2

15. Define the elements of financial statements identified in SFAC No. 3 and SFAC No. 6