Salah satu prinsip untuk maintaining accounts, dimana perusahaan mencatat transaksi bisnis nya dalam monetary terms, disebut :
Full disclosure concept
Cost concept
Time period concept
Measuring-unit concept
Pembahasan
Chapter 4 Page 94[1]:
Principles for maintaining accounts :
Cost concept : a company uses the historical cost paid for an asset in its financial statements
Measuring unit concepts : a company records its business transaction in monetary terms
Full disclosure concept : a company report all necessary information so that interested users are not misled
Time period concepts : a company reports its business transactions during a specified accounting period
Realization principles : a company recognizes revenue when it is earned, regardless of when the company receives cash for its business transaction
Matching principle : a company recognizes expenses when the company earns the revenue related to those expenses, regardless of when the company receives cash for its business transaction
[1]Mulligan, E. and Stone, G. (1997). Accounting and financial reporting in life and health insurance companies. Atlanta, Ga.: Life Management Institute, LOMA.
