Statement of Financial AccountingCo

Statement of Financial Accounting
Concepts No. 8

Conceptual Framework for Financial
Reporting


CHAPTER 1: THE OBJECTIVE OF GENERAL PURPOSE FINANCIAL REPORTING

Introduction

OB1. The objective of general purpose financial reporting forms the foundation of the Conceptual Framework. Other aspects of the Conceptual Framework—a reporting entity concept; the qualitative characteristics of, and the constraints on, useful financial information; elements of financial statements; recognition, measurement; presentation; and disclosure—flow logically from the objective.

Objective, Usefulness, and Limitations of General Purpose
Financial Reporting

OB2. The objective of general purpose financial reporting1 is to provide financial information about the reporting entity that is useful to existing and potential investors, lenders, and other creditors in making decisions about providing resources to the entity. Those decisions involve buying, selling, or holding equity and debt instruments and providing or settling loans and other forms of credit.

OB3. Decisions by existing and potential investors about buying, selling, or holding equity and debt instruments depend on the returns that they expect from an investment in those instruments; for example, dividends, principal and interest payments, or market price increases. Similarly, decisions by existing and potential lenders and other creditors about providing or settling loans and other forms of credit depend on the principal and interest payments or other returns that they expect. Investors’, lenders’, and other creditors’ expectations about returns depend on their assessment of the amount, timing, and uncertainty of

Throughout this Conceptual Framework, the terms financial reports and financial reporting refer to general purpose financial reports and general purpose financial reporting unless specifically indicated otherwise.

Hasil (Bahasa Indonesia) 1:

Pernyataan akuntansi keuanganKonsep No. 8Kerangka kerja untuk keuanganPelaporanBAB 1: TUJUAN TUJUAN UMUM PELAPORAN KEUANGANPengenalanOB1. Tujuan tujuan umum pelaporan keuangan yang membentuk dasar kerangka kerja konseptual. Aspek lain dari kerangka kerja konseptual — sebuah konsep entitas pelaporan; Karakteristik kualitatif, dan keterbatasan, informasi keuangan; unsur-unsur dari laporan keuangan; pengakuan, pengukuran; presentasi; dan pengungkapan-aliran logis dari tujuan.Tujuan, kegunaan, dan keterbatasan dari tujuan umumPelaporan keuanganOB2. Tujuan dari tujuan umum keuangan reporting1 adalah untuk memberikan informasi tentang entitas pelaporan yang berguna untuk nasabah dan calon investor, lender, dan kreditor lain dalam membuat keputusan tentang menyediakan sumber daya untuk entitas keuangan. Keputusan-keputusan tersebut melibatkan membeli, menjual, atau memegang instrumen ekuitas dan utang dan menyediakan atau menetap pinjaman dan bentuk lain dari kredit.OB3. Decisions by existing and potential investors about buying, selling, or holding equity and debt instruments depend on the returns that they expect from an investment in those instruments; for example, dividends, principal and interest payments, or market price increases. Similarly, decisions by existing and potential lenders and other creditors about providing or settling loans and other forms of credit depend on the principal and interest payments or other returns that they expect. Investors’, lenders’, and other creditors’ expectations about returns depend on their assessment of the amount, timing, and uncertainty ofThroughout this Conceptual Framework, the terms financial reports and financial reporting refer to general purpose financial reports and general purpose financial reporting unless specifically indicated otherwise.