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Which financial statements include significant accounting estimates?
Wiki User
∙ 9y ago
It is important to know which financial statements are being referred to in order to know which include significant account estimates. Providing the statements would be helpful.
Wiki User
∙ 9y ago
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What are importance of footnotes?
The footnotes to the financial statements should describe the earnings impact of any changes in accounting policy, or changes in estimates (Financial Accounting Standards Board Statement No. 154)
The output of financial accounting is?
The output of the financial accounting is preparation of financial statements.
The purpose of Statements of Financial Accounting Concepts is to?
The purpose of Statements of Financial Accounting Concepts is to : A establish GAAP.
What is accounting estimate?
The accounting estimate is a financial approximation. This approximation is used for financial statements to make financial statements more accurate with their crediting and debiting.
Where can you get financial statements?
Apple inc published accounting statements
Of what must the accountant be cognizant in order to compile financial statements?
the form of its accounting records, the stated qualifications of its accounting personnel, the accounting basis on which the financial statements are to be presented
Significant accounting policies are described in the explanatory notes to the financial statements because?
The reader must be aware of which of the alternative generally accepted accounting practices have been used.
What has the author David Alexander written?
David Alexander has written: 'Financial accounting' -- subject(s): International business enterprises, Accounting, Finance, Financial statements 'Financial accounting' -- subject(s): International business enterprises, Accounting, Finance, Financial statements
What is accounting importance of that?
Who are users of financial statements
What has the author L Todd Johnson written?
L. Todd Johnson has written: 'Recognition in Financial Statements' -- subject(s): Financial statements, Realization (Accounting) 'Reporting financial performance' -- subject(s): Financial statements, Accounting, Standards
What si accounting standard?
Accounting Standards are the statements of code of practice of the regulatory accounting bodies that are to be observed in the preparation and presentation of financial statements.
Describe the uses of financial accounting?
describe various uses of financial statements
