1.

The presentation of information in a manner   such that users can depend on it to represent economic conditions.

2.

The concept relating to the relationship of   two or more accounting numbers on an intra?comparability basis.

3.

The method by which expenses for a period   are determined by direct association with specific revenues over a particular   time period.

4.

The concept of providing results that would   be substantially duplicated by independent measurers using the same   measurement methods.

5.

The exchange price at the date of the   transaction.

6.

The concept of choosing the alternative   with the least favorable effect upon owner's equity.

7.

The reporting of economic activity as   faithfully as possible without coloring the image it communicates for the   purpose of influencing behavior in some particular direction.

8.

The point at which a user's judgment would be changed or influenced by the omission or misstatement of the information.

9.

The concept relating to the selection of  information and methods of measurement and reporting that will aid those   individuals who rely upon financial statements to make decisions.

10.

The ability to relate information to a   benchmark or standard.

a.

comparability

e.

matching process

i.

relevance

b.

conservatism

f.

materiality

j.

reliability

c.

consistency

g.

neutrality

k.

verifiability

d.

historical cost

h.

recognition

l.

understandability