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Recognition.

All assets, revenues, liabilities, and expenses of the business should be recognized and
included in the financial reporting. Measurement. Financial outcomes should be reported in financial
statements in accordance with GAAP. Presentation. The income statement, balance sheet, cash flow
statement, and a summary of shareholder equity or ownership should all be included in financial
statements. Disclosure. Any notes and descriptions required to completely explain the financial
information in reports should be included in financial reporting.

Recognition. All assets, revenues, liabilities, and expenses of the business should be recognized and
included in the financial reporting. Measurement. Financial outcomes should be reported in financial
statements in accordance with GAAP. Presentation. The income statement, balance sheet, cash flow
statement, and a summary of shareholder equity or ownership should all be included in financial
statements. Disclosure. Any notes and descriptions required to completely explain the financial
information in reports should be included in financial reporting.

Recognition. All assets, revenues, liabilities, and expenses of the business should be recognized and
included in the financial reporting. Measurement. Financial outcomes should be reported in financial
statements in accordance with GAAP. Presentation. The income statement, balance sheet, cash flow
statement, and a summary of shareholder equity or ownership should all be included in financial
statements. Disclosure. Any notes and descriptions required to completely explain the financial
information in reports should be included in financial reporting.

Recognition. All assets, revenues, liabilities, and expenses of the business should be recognized and
included in the financial reporting. Measurement. Financial outcomes should be reported in financial
statements in accordance with GAAP. Presentation. The income statement, balance sheet, cash flow
statement, and a summary of shareholder equity or ownership should all be included in financial
statements. Disclosure. Any notes and descriptions required to completely explain the financial
information in reports should be included in financial reporting.

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