Disclosures notes are part of accounting financial statements as in disclosure notes important information related to amounts or information in financial statement is provided to further clarify any information previously given or any other related information.
what are the advantages of accounting information disclosure?
The variation in accounting disclosure and reporting practices.
you mmma
In accounting the consistency concept means that when a method of accounting is adopted it must be used consistently in the future. If the policy for accounting is changed in any way the nature of the change, the effects the change has on items in the financial statement and the reason for making the change must be fully disclosed by the business. If the consistency concept is not applied then disclosure of changes are made at the discretion of the business.
Accounting is ingrained in our society and it is vital
what are the advantages of accounting information disclosure?
The variation in accounting disclosure and reporting practices.
you mmma
The full disclosure principle requires that the notes to the financial statements report a change in accounting method for inventory.
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William Baker Flowers has written: 'Criteria for disclosure of post-statement events' -- subject(s): Disclosure in accounting
check your answer
David F. Hawkins has written: 'Accounting for leases' -- subject(s): Accounting, Leases 'Corporate financial disclosure, 1900-1933' -- subject(s): History, Law and legislation, United States, Financial statements, Disclosure of information, Corporations, Accounting 'Corporate financial reporting and analysis' -- subject(s): Corporation reports, Corporations, Accounting, Financial statements
In accounting the consistency concept means that when a method of accounting is adopted it must be used consistently in the future. If the policy for accounting is changed in any way the nature of the change, the effects the change has on items in the financial statement and the reason for making the change must be fully disclosed by the business. If the consistency concept is not applied then disclosure of changes are made at the discretion of the business.
In accounting the consistency concept means that when a method of accounting is adopted it must be used consistently in the future. If the policy for accounting is changed in any way the nature of the change, the effects the change has on items in the financial statement and the reason for making the change must be fully disclosed by the business. If the consistency concept is not applied then disclosure of changes are made at the discretion of the business.
Barry M. Johnson has written: 'Accounting provisions of the Companies Act 1985' -- subject(s): Accounting, Corporation law, Disclosure in accounting, Financial statements, Great Britain, Standards
short note on GAAP