Mrs. Smith: Good morning, Mr. Barker. Your secretary said that you have some questions to me.
Mr. Barker: ! . , .
Mrs. Smith: Thank you.
Mr. Barker: , , 5 . , .
Mrs. Smith: Of course, I am ready to do it.
Mr. Barker: , . . ?
Mrs. Smith: Yes, please.
Mr. Barker: . , 10 .
Mrs. Smith: Well, they are: Economic Entity Assumption, Monetary Unit Assumption, Time Period Assumption, Cost Principle, Full Disclosure Principle, Going Concern Principle, the Matching Principle, the Principle of the Revenue Recognition, the Materiality and the Conservative Method.
Mr. Barker: . , ?
Mrs. Smith: Financial accountants use this principle to pretend errors, which may lead to serious problems with profits.
Mr. Barker: . , , .
Mrs. Smith: Of course, Mr. Barker.
Mr. Barker: . ?
Mrs. Smith: According to this accounting principle, cost is recorded in the accounting records in accordance with its value at the time of the original transaction, but not by its current evaluation.
Mr. Barker: . . , Δ?
Mrs. Smith: It means: International Financial Reporting Standards.
Mr. Barker: . .
Mrs. Smith: Well the nature of a non-monetary transaction, the nature of a relationship with a related party with which the business has significant transaction volume, the amount of material losses caused by the lower of cost or market rule hmm
Mr. Barker: , , !
Mrs. Smith: Thank you, Mr. Barker! So, when I should start working with a new stuff?
Mr. Barker: , .
Mrs. Smith: Ok. Good bye, Mr. Barker.
Mr. Barker: , .
