实质高于形式是对组织进行直接管理以分析交易或活动的经济性质，而不是进行实际交易的会计准则的例外之一。会计准则确立了这样一个事实，即交易的某些性质应该被定义或以直接的方式记录下来。然而，交易的某些性质需要对性质进行详细的分析，需要管理或会计的干预。因此，交易的经济活动或经济利益应该被认为是记录交易，而不仅仅是交易的发生。这可以在商业组织(Baker and Hayes,2004)的研究和开发活动支出情况下观察到。例如，两个不同的商业组织在研究和开发活动上的花费是相同的。虽然没有必要让两个组织拥有相同的开发产品或服务来进行研究和开发。尽管在财务报表方面，两个组织都应该处于同一水平，但实际上，两者都处于不同的阶段。因此，会计准则或国际财务报告准则在提供统一财务报表方面的无能为力支持了该声明。
Substance over form is one of the exceptions of the accounting standards that direct management of organisation to analyse economic nature of transaction or activity and not actual transaction that has undertaken. Accounting standards establish the fact that certain nature of transaction should be recorded in defined or as directed manner. However there are certain natures of transactions which require detailed analysis of nature and require management or accountant’s intervention. Therefore, economic activity or economic benefit of the transaction should be considered to record transaction and not mere occurrence of transaction. This can be observed in case of expenditure on research and development activity that has been incurred by business organisations (Baker and Hayes, 2004). For example, two different business organisations have incurred same amount on research and development activity. Although it is not necessary that both the organisations having same development product or service on which research and development is been conducted. Although in terms of financial statements, both organisations should stand at same level, but in actual terms, both are at different stage. Therefore, this inability of accounting standards or International Financial Reporting Standards in providing uniformity to financial statements supports argued statement.