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The Current pillars of Accounting

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In this content, you will learn about the main pillars of accounting, and their extreme
importance for a quality professional performance in companies. These pillars (also known as principles), symbolize the essence of the doctrines of Accounting Science, that is, their application must be aligned according to the legislation, defined by the Regional Accounting Council.

Check out the pillars of accounting and their great relevance to your customers below.


The basis of this principle is the recognition of the company’s assets as an object of Accounting, causing the separation of the business assets from the private assets of its partners. With this, the company’s assets cannot be confused with the assets of its partners or owners, in order to avoid situations in which the partners’ personal expenses are paid, with money from the legal account, unrelated to the activity carried out in the company, which can generate accounting errors and future legal issues.


It states that the continuity or not of an organization or entity must be considered in the study of equity variations, where here, accounting is defined for the entire time the company exists, demonstrating the most faithful analyzes in the current scenario.


In this principle, all analyzes of information in a given period must be recorded in the company’s accounting immediately. to the period in which it occurred, contemplating the physical and monetary aspects related to the situation.


Demonstrates that equity items should be initially recorded at the original values ​​of the transactions carried out, in short, if the registration is carried out in Brazil, it must be done in Reais. The Monetary Adjustment Principle was revoked by CFC Resolution No. 1,282/10 and incorporated into the Registration at Original Value, as another way of updating the values ​​of the company’s assets.


The Competence Principle establishes that expenses and revenues must be included in the calculation of the result of the moment in which they were generated, regardless of the date of receipt or payment. In the case of a sale, it will be recognized on the date of the sale,
even if the receipt is in cash or in installments.


Also known as the Principle of Conservatism, where the lowest value is determined for the ASSETS components and the highest value for the LIABILITIES, with this measure,
professionals in accounting sciences manage to avoid possible mistakes and financial miscontrols, such as the overvaluation of assets or undervaluation of liabilities.

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