ACCOUNTING PRINCIPLES IN FINANCIAL REPORTING BASED ON SAP

1. The ability of local governments to maintain balanced and sustainable finances in the long term is referred to as the principle...

• a. The principle of transparency

• b. Principle of legal compliance

• c. The principle of sustainability

• d. Principle of consistency

2. a guideline or procedure that is used as a basis or reference in carrying out the accounting process is called ...

• a. Accounting cycle

• b. Accounting principles

• c. Accounting guidelines

• d. Accounting process

3. Public funds must be clearly separated from private funds to prevent...

• a. Misuse of public funds

• b. Surplus

• c. Budget deficit

• d. All correct

4. The principle that requires local government entities to apply consistent accounting methods from year to year is the meaning of the principle...

• a. Sustainability principle

• b. The principle of transparency

• c. The principle of comprehensibility

• d. Principle of consistency

5. One of the important aspects of the principle of accountability is...

• a. Separation of public and private funds

• b. Internal control

• c. Independent supervision and inspection

• d. All true

6. Ensuring that local government financial statements focus on only the essential information and are not overly detailed is the objective of the principle of...

• a. The principle of materiality

• b. The principle of completeness

• c. Principle of sustainability

• d. All wrong

7. This principle emphasizes that local governments are assumed to continue operating for an acceptable period of time is the meaning of the principle...

• a. The principle of entity continuity

• b. The principle of materiality

• c. Sustainability principle

• d. Principle of consistency

8. The main objectives of the principle of prudence are..

• a. providing complete, relevant, and transparent information in the financial statements

• b. avoiding overly optimistic presentation of financial position and performance

• c. Provide accurate financial statements

• d. Prevent budget deficits

9. Openness of the government in making regional financial policies so that they can be known and monitored by DPRD and the public is the meaning of the principle of...

• a. Principle of transparency

• b. Principle of accountability

• c. Principle of sustainability

• d. The principle of materiality

10. Local government financial statements must comply with accounting and reporting standards prescribed by applicable laws and regulations is the meaning of the principle of legal compliance in terms of...

• a. Budget compliance

• b. Tax and levy compliance

• c. Financial reporting compliance

• d. Regulatory compliance