In addition, Larson, K.D., Wild, J.J. and Chiappetta, B. (2002) says the management accountant consists of four basic principles. The first principle is the principle of measurement or cost principle known as companies that record assets at their own expense. For example, the company pays 5,000 dollars to the device. Therefore, the cost of purchasing equipment will be recorded as 5,000 dollars. Next, the principle of revenue recognition means that a company must record revenue. Revenue is recorded when completing the sale of products or services in the form of cash or non-cash. Examples are sales that do not use cash or credit. Thirdly, it is the principle to record the cost or appropriate principle that a company records the costs arising to generate the reported revenue. Finally, the full disclosure principle is due to the impact of the user's decision, a company must report full details of the business dealings. (Larson, Wild and Chiappetta, 2002)
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