Relevance, ie the accounting information contained therein shall be the basis for decision making.
Objectivity, that is, accounting information must be objective and universal. Revenues are recorded following the realization concept and revenues and expenses be reported according to the matching principle.
Impact (consistency), that is, one should apply the same policies over time (accounting periods).
Comparability, ie continuity of the accounts so that comparisons between different accounting units, and year can be made.
Topicality, that is, information must be current.
Materiality (materiality), ie the accuracy in the processing of an accounting entry will depend on the item's real importance to stakeholders. Merintäkten of better decision-making should be greater than the additional cost of producing a better basis for decision making.