Traditional Culture Encyclopedia - Traditional culture - Quality requirements of accounting information

Quality requirements of accounting information

I. Reliability

Reliability requires enterprises to confirm, measure and report on the basis of actual transactions or events, truthfully reflect all accounting elements and other relevant information that meet the requirements of confirmation and measurement, and ensure that accounting information is true, reliable and complete.

Second, relevance.

Relevance requires that the accounting information provided by enterprises should be related to the economic decision-making needs of investors and other users of financial reports, which is helpful for investors and other users of financial reports to evaluate or predict the past, present or future situation of enterprises.

Third, understandability

Understandability requires that the accounting information provided by enterprises should be clear and easy for investors and other users of financial reports to understand and use.

Fourth, comparability.

Comparability requires that the accounting information provided by enterprises should be comparable to each other.

Fifth, substance is more important than form.

Enterprises are required to carry out accounting confirmation, measurement and reporting according to the economic essence of transactions or events, and not just based on the legal form of transactions or events.

Intransitive verbs are important.

The accounting information required from an enterprise shall reflect all important transactions or events related to the financial status, operating results and cash flow of the enterprise.

Seven. warn

Enterprises are required to make prudent accounting confirmation, measurement and report on transactions or events, and shall not overestimate assets or income or underestimate liabilities or expenses.

Eight. in time

Require enterprises to confirm, measure and report the transactions or events that have occurred in time, and shall not be advanced or postponed. Article 12 An enterprise shall make accounting confirmation, measurement and report according to the actual transactions or events, truthfully reflect all accounting elements and other relevant information that meet the requirements of confirmation and measurement, and ensure the truthfulness, reliability and completeness of accounting information. Article 13 The accounting information provided by an enterprise should be related to the economic decision-making needs of users of financial accounting reports, which is helpful for users of financial accounting reports to evaluate or predict the past, present or future situation of the enterprise. Article 14 The accounting information provided by an enterprise should be clear, so as to facilitate the understanding and use of users of financial accounting reports. Article 15 The accounting information provided by an enterprise shall be comparable. The same or similar transactions or events of the same enterprise in different periods shall adopt consistent accounting policies and shall not be changed at will. If it is really necessary to change, it shall be explained in the notes. The same or similar transactions or events that occur in different enterprises shall adopt the prescribed accounting policies to ensure the consistency and comparability of accounting information. Article 16 An enterprise shall make accounting confirmation, measurement and report according to the economic essence of a transaction or event, and not just based on the legal form of the transaction or event. Article 17 The accounting information provided by an enterprise shall reflect all important transactions or events related to the financial status, operating results and cash flow of the enterprise. Article 18 An enterprise shall carefully confirm, measure and report transactions or events, and shall not overestimate assets or income, or underestimate liabilities or expenses. Article 19 An enterprise shall promptly confirm, measure and report the transactions or events that have occurred, and shall not advance or postpone them.