THE CONCEPTUAL FRAMEWORK FOR FINANCIAL REPORTING (PART 3)

This video explains the elements of financial statements, their recognition and measurements. It also explains the concepts of capital and capital maintenance as well as the reporting entity. Parts 1 and 2 of this lesson can be watched from the links below https://www.youtube.com/watch?v=zvJG7CewkMM https://www.youtube.com/watch?v=jVR73QY3VFY