The Conceptual Framework That the Financial Accounting Standards Board (FASB)and

question 16

Multiple Choice

The conceptual framework that the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) are attempting to converge and enhance includes the following broad areas to guide standard setting except:

• A)Objectives
• B)Qualitative characteristics
• C)Uniformity
• D)Elements
• E)Recognition and measurement

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Definitions:

Developmentally Appropriate

Activities or educational practices that are suited to the age, individual needs, and developmental stage of children.

Toddler

A young child, typically between the ages of one and three years old, who is in the developmental stage of learning to walk, talk, and acquire basic skills.

Preschool

An educational establishment or learning environment offering early childhood education to children before they begin compulsory education at primary school.

Emotional Intelligence

The ability to perceive emotions, to identify and understand their meaning, to integrate them with other kinds of cognition, and to manage them.