Financial Statement Concepts – AcSB

Date recorded:

At its meeting on November 12-13, 2018, the AcSB considered the scope and approach of a future project on the financial statement concepts. The Board discussed the following concepts for inclusion in the project: elements; recognition; measurement; disclosure; and unit of account. The Board agreed that a project on the financial statement concepts be approached in phases. The Board will consider a project proposal in the first quarter of 2019.

Review the Executive Summary on the AcSB's Web site.

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