Chapter 1

• Conceptual Framework


  backbone of accounting equation
• Conceptual Framework


  underlying theory for developing of accounting standards
• Accounting Standards


  2016 PH adopted all IAS and IFRS
• GAAP


  Generally Accepted Accounting Policies
• Accounting Policies


  the moment ginamit ng mga company ang policy
• Ethical Dilemmas


  can be understood as knowing the right thing to do but institutional or other constraints make it difficult to pursue
• Chapter 1


  Objective and general purpose financial statements
• Chapter 2


  Qualitative characteristics of useful financial information
• Chapter 3


  Financial statements and reporting entity
• Chapter 4 


  The elements of financial statements
• Chapter 5


  Recognition and Derecognition
• Chapter 6


  Measurement
• Chapter 7


  Presentation and disclosure
• Chapter 8


  Concepts of capital and capital maintenance