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Assessment Brief: Critically evaluate the fundamental financial accounting conce
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Critically evaluate the fundamental financial accounting concepts and conventions, and how these have an impact on the contents of the financial statements and their users. In addition, consider the history of the accounting regulations and reasons for the constant changes
Assignment Marking Guide
The answer is expected to include:
Different information requirements of users of accounts
A critical discussion of the history of accounting regulations and reasons for constant changes
Rules v Principles
Identify and critically evaluate the key accounting concepts and conventions.
Formation of a logical conclusion following well-reasoned discussion.
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