Help me in the question below

Your aunt recently received the annual report for a company in which
she has invested. The report notes that the statements have been
prepared in accordance with “generally accepted accounting principles.”
She has also heard that certain terms have special meanings in
accounting relative to everyday use. She would like you to explain the
meaning of terms she has come across related to accounting1050 words.

• Go to the FASB website and access the FASB Concepts Statements and use the IASB website
  to respond to the following items. (Provide paragraph citations.) When
  you have accessed the documents, you can use the search tool in your
  Internet browser.
  • Explain how “materiality” is defined by both FASB and IASB.
  • The
    concepts statements provide several examples in which specific
    quantitative materiality guidelines are provided to firms. Identity at
    least two of these examples. Do you think the materiality guidelines
    should be quantified? Why or why not?
  • The concepts statements
    discuss the concept of “articulation” between financial statement
    elements. Briefly summarize the meaning of this term and how it relates
    to an entity’s financial statements.