PRINCIPLES OF FINANCIAL ACCOUNTING
SUGYSMTB
FinancialReviewTemplate.docx
Financial Review Template
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Transaction Description |
Accounting Principle |
Justification Based on Accounting Principle |
Include Transaction? (Yes / No) |
Types of Accounts |
Increases or Decreases Account |
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Example: Pays utility bill |
Matching principle |
Provide justification for applying the principle to the transaction 1 |
Yes |
Expense
Asset |
Increase
Increase |
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Footnotes
[Insert references here]
Financial Review Template
Transaction
Description
Accounting
Principle
Justification B
ased on Accounting
Principle
Include Transaction?
(Yes / No)
Types of Accounts
Increases or
Decreases
Account
Example:
Pays utility bill
Matching
p
rinciple
Provide justification for applying the
principle to the transaction
1
Yes
Expense
Asset
Increase
Increase
Financial Review Template
Transaction
Description
Accounting
Principle
Justification Based on Accounting
Principle
Include Transaction?
(Yes / No)
Types of Accounts Increases or Decreases
Account
Example:
Pays utility bill
Matching
principle
Provide justification for applying the
principle to the transaction
1
Yes
Expense
Asset
Increase
Increase
