The Conceptual

Framework
(Rerangka Konseptual)
# Versi US GAAP
# Versi IFRS

Conceptual Framework US
GAAP
Tujuan Conceptual Framework :

Conceptual Framework merupakan dasar

untuk menyusun standar dan kebijakan
akuntansi.

Conceptual Framework menjadi

referensi dari teori akuntansi yang
digunakan untuk memecahkan
permasalahan yang timbul dalam
pelaporan keuangan.

## Conceptual Framework US GAAP

The Framework has three different
levels,comprised of:
The first level consists of objectives.
The second level explains financial elements
and characteristics of information.

The third level incorporates recognition and

measurement criteria.

Conceptual Framework for

Financial Reporting

Basic Objectives of Financial

Reporting
To provide information:

about economic resources, the claims on those

resources and changes in them.

that is useful to those making investment and

credit decisions.

that is useful to present and future investors,

creditors in assessing future cash flows.

to individuals who reasonably understand

business and economic activities.

Hierarchy of Accounting
Qualities

Qualitative Characteristics of
Accounting Information
Primary qualities of accounting
information are relevance and
reliability.

Secondary qualities are comparability

and consistency of reported
information.

Basic Elements of Financial

Statements
Assets
Liabilities

Revenues

Equity

Expenses

Investment by

Gains

Owners

Distributions to
Owners

Losses

Recognition and
Measurement Criteria
Basic
Assumptions
1. Economic
entity
2. Going
concern
3. Monetary
unit
4. Periodicity

Principles
1. Historical
cost
2. Revenue
recognition
3. Matching
4. Full
disclosure

Constraints
1. Cost benefit
2. Materiality
3. Industry
practices
4. Conservatism

Conceptual Framework versi IFRS

Three levels:

First Level = Basic objective

Second Level = Qualitative
characteristics and elements of financial
statements
Third Level = Recognition, measurement,
and disclosure concepts