Part II Principles: Matching Match each of the following basic concepts and principles to the appropriate description. B Time period concept Expense recognition Consistency Materiality Disclosure D The costs of doing business must be record in (or matched to the same account period as the revenues which they helped to generate. This refers to the significance of information to users. The more significant a piece of information is means that it could influence or change a user's decision. Any and all information that affects the full understanding of a company's financial statements must be included with the financial statements. Accounting takes place over specific fiscal periods. Prevents people from changing accounting methods for the sole purpose of manipulating figures on the financial statements