By what accountant means that the financial figures presented by the company are at least as much as reflected in the statements, if not more.

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Conservatism is an accounting principle that requires companies to report their financial statements in a cautious manner, underestimating the values of assets and overestimating the values of liabilities. This helps to ensure that the figures presented are at least as much as they appear, if not more, and reduces the risk of overstating financial position or earnings. Fraudulent statement and misappropriations, on the other hand, involve intentionally misrepresenting financial information, while matching refers to the accounting principle of linking expenses to revenues in the period they were incurred.

By What Accountant Means That the Financial Figures Presented by the Company