Theory Base of Accounting

Fundamental accounting assumptions:
 Going concern
 Consistency
 Accrual
 Accounting principles:
 Accounting entity
 Money measurement
 Accounting period
 Full disclosure
 Materiality
 Prudence
 Cost concept
 Matching concept
 Dual aspect
 Bases of accounting:
 Cash basis
 Accrual basis
 Accounting Standards and IFRS (International Financial Reporting Standards):
 Concept
 Objectives