Pembahasan Ujian PAI: A40 – No. 4 – November 2015

PEMBAHASAN[1]

• Matching principle: A company recognizes expenses when the company earns the revenues related to those expenses, regardless of when the company receives cash for its business transactions.
• Entity concept: States that a company must account separately for business activities of each economic unit. Thus, to help avoid confusion, an individual who owns a business should separate personal accounting records from business accounting records.
• Going concern concept: Means that accounting processes are typically based on the assumption that a company will continue to operate for an indefinite period time.
• Separate account: are accounts maintained outside a life insurance company’s general account to help manage funds placed in nonguaranteed insurance products, such as equity-based or variable products.
• Realization principle: A company recognizes revenue when it is earned, regardless of when the company receives cash for its business transaction.

Jawaban: b. Entity concept

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