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What are the potential confilicts in applying accounting concepts?

Forums › ACCA Forums › ACCA FA Financial Accounting Forums › What are the potential confilicts in applying accounting concepts?

  • This topic has 0 replies, 1 voice, and was last updated 12 years ago by soar.
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  • May 1, 2013 at 7:11 pm #124214
    soar
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    • Topics: 20
    • Replies: 35
    • ☆☆

    Any links to an explanation appreciated. I have the following but not sure where I got it form, or if it will be the same as ACCA.

    Reliability (or relavance?) and timeliness – giving highest quality reports can take more time vs giving it on time.
    Relevance and reliability – same as above?
    Understandability and completeness – giving too much information can be confusing.
    Neutrality and prudence

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