1. What is the purpose of a framework of accounting? 2. What should be included in a framework of accounting? 3. State the objective of financial statements. 4.State the underlying assumptions in preparing financial statements. 5. State the fundamental qualitative characteristics of financial information 6. What kinds of financial information are relevant? 7. What kinds of financial information meet faithful representation? 8. State and explain enhancing qualitative characteristics of financial information 9. State the differences between fundamental qualitative characteristics and enhancing Questions qualitative characteristics of financial information. 10. Discuss the constraints of useful financial information. 11. Define the elements of financial statements. 12. State the recognition criteria set out in the Conceptual Framework. 13. What kinds of measurement basis are discussed in the Conceptual Framework? 14. Discuss the relationship between the concepts of capital and capital maintenance