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Teori Akuntansi Bahasa Inggris
Teori Akuntansi Bahasa Inggris
Providing information regarding financial position, performance and changes in the financial
position of an entity that benefits a large number of users in decision making.
1. 1. Financial position, performance, and changes in financial position
Economic decisions taken by users of financial statements require an evaluation of the
entity's ability to generate cash (and cash equivalents) and the time and capacity of the
results. This ability ultimately determines, for example, the ability of payments to
employees and suppliers, ability to pay interest, repayment of loans and distribution of
income to owners.
Information on entity performance, especially profitability, is needed to assess
potential changes in economic resources that may be controlled in the future.
Information on changes in the entity's financial position, is useful for assessing
investment activities, funding, and operations during the reporting period.
2. Additional schedule notes
Reports may contain additional information that is relevant to the needs of the balance
sheet user and the loss report. It may also include disclosures about risks and
uncertainties that affect the entity and any resources and obligations not included in
the balance sheet.
Basic assumption
1. Basic Accruals
Giving transactions to users not only uses transactions in the past that involve cash
receipts and payments, but also future cash payment obligations and resources that
represent cash received in the future.
2. Business continuity
Financial statements are usually prepared on the basis of the assumption of the
business continuity of the entity and will continue its business in the future