This course provides insight about IASB Conceptual framework, underlying assumptions, qualitative characteristics and other accounting concepts. It encourages you to think more deeply about the assumptions on which financial statements are prepared as well as explains the qualitative characteristics of financial information, which is important for reporting any information to shareholders and business stakeholders.

This course deals with accounting conventions which lie behind accounts preparation for sole traders, partnerships or even public limited companies. You will see how conventions and assumptions are put into practice in real life. There is no point in number crunching for financial statements preparation until and unless you understand the underlying principles behind.

This course gives idea about background and history of international accounting standard board (IASB). Moreover, it provides insight about IASB Conceptual framework, underlying assumptions, qualitative characteristics and other accounting concepts.

Course Key Concepts: IASB Conceptual Framework, Accounting assumptions, Accounting principles, Fundamentals of accounting, IASB, FASB, Accounting standards, IAS, IFRS, Global accounting standards, Global accounting principles, Qualitative characteristics of financial information.