Pembahasan Ujian PAI: A40 – No. 10 – Juni 2010

• Reliable : financial reports and accounting records present accurate, objective information that is free from bias and misrepresnatation
• Relevant : financial report s provide useful and timely information that is likely to affect an interested user’s decision about a company
• Consistent : financial statements apply the same accounting principles and concepts over time
• Comparable : financial statements enable analysis within a company and among companies overtime
• Materiality : a company must disclose all significant monetary and non monetary information in its financial statements

Conservatism : a company project relatively low values for its assets and net income, and relatively high values for its liabilities and expenses

^[1] Mulligan, E. and Stone, G. (1997). Accounting and financial reporting in life and health insurance companies. Atlanta, Ga.: Life Management Institute, LOMA.