Dried dehydrated meat (jerky) has traditionally been made by drying meat at low temperatures (140Â°F â 170Â°F) for a long period of time. These processing conditions can make it difficult to assure a safe end result, including using a home dehydrator.
The relevance principle is an accounting principle that states in order for financial information to be useful to external users, it must be relevant. GAAP goes on to describe the concept of relevance. Relevant information is useful, understandable, timely, and needed for decision making.
An advantage of developing accounting principles on a problem-by-problem basis is that. it results in consistent rules and practices over time. 6. The FASB concluded that the last level in developing the conceptual framework was to. determine the objectives of financial reporting.