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  • University Of South Africa
  • FAC1502 - Financial Accounting Principles, Concepts And Procedures
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Fac1502 Summary Notes 2022

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2021/2022 Written for academic year
Institution University Of South Africa
Course FAC1502 - Financial Accounting Principles, Concepts And Procedures
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STUDY UNIT 1 The Conceptual Framework for Financial Reporting What is the Framework?  Sets out the objectives & concepts  Provides a theoretical background or general frame of reference Purpose of the Framework:  Assist standard setting bodies;  Assist preparation of financial statements;  Assist auditors;  Assist other users of financial statements.

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