Stub Crimper

To those sitting professional development papers in accounting next month, Stub Crimper is a good mnemonic to help remember the nine fundamental characteristics of financial statements under, and away from, exams conditions.

The letters stand for:

S – substance over form

T – timeliness

U – understandability

B – balance between costs and benefits

C – completeness

R – reliability

I – n/a

M – materiality

P – prudence

E – n/a

R – relevance

Let it not be said that we don’t do our bit :). Good luck all.

About Phoenix

Accountant | Tax Specialist | Dreamy Entrepreneur | Blogger


No comments yet.

Get in touch

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Enter your email address to receive notifications of new posts by email.

Join 5,671 other subscribers
Follow Phoenix Debola on
%d bloggers like this: