Explanation:

- Prudence: This involves exercising caution in judgments, ensuring that assets and income are not overstated and liabilities and expenses are not understated.

- Consistency: This principle ensures that the same accounting methods and principles are used from one period to the next, making financial comparisons meaningful.

- Substance over form: This principle emphasizes that financial statements should reflect the economic reality of transactions, not just their legal form.

- Materiality: This is about determining whether an item is significant enough to influence decisions made by users of financial statements.

- Correct Answer: Substance over form is indeed a major consideration.

- The correct choice for "not a major consideration" is not listed directly in these options, as all are important.