FASB 11 Concepts
- Money measurement
- Entity
- Going concern
- Cost
- Dual aspect
- Accounting period
- Conservation
- Realization
- Matching
- Consistency
- Materiality
Read more about this topic: Financial Accounting Standards Board
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“Science is a dynamic undertaking directed to lowering the degree of the empiricism involved in solving problems; or, if you prefer, science is a process of fabricating a web of interconnected concepts and conceptual schemes arising from experiments and observations and fruitful of further experiments and observations.”
—James Conant (1893–1978)
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