i don't now
[Jabirshah]
The system for recognizing revenues influenced with payment and receipt of cash is called "Cash base accounting system".
cash
Allowed if it improves the usefulness of information in the financial statements
quartwly
Some GAAP principles are meant to improve or standardize recording and reporting of financial statements. Companies are expected to follow the GAAP principles when presenting financial statements.
Subsidiary companies are also part of group of companies so parent company is required to show the financial statements of group as a whole so that's why consolidated financial statements are prepared
i was looking for the same answer.... so9 here it goes..A financial audit, or more accurately, an audit of financial statements, is the verification of the financial statements of an entity. The opinion is intended to provide reasonable assurance that the financial statements are presented fairly, in all material respects, and/or give a true and fair view in accordance with the financial reporting framework (the GAAS requirements)ANDAn unaudited financial statement is that which an auditor has prepared, but not according to the Generally Accepted Auditing Standards (GAAS). Auditors preparing unaudited statements are required to issue a disclaimer stating that they are not rendering opinions and that the statement does not abide by the GAAS.hope it helped clear the difference!!:)
James W. Deitrick has written: 'Interim financial reporting' -- subject(s): Interim Financial statements 'Interim reporting developments' -- subject(s): Auditing, Interim Financial statements
Reporting Currency
I think balance sheet
L. Todd Johnson has written: 'Recognition in Financial Statements' -- subject(s): Financial statements, Realization (Accounting) 'Reporting financial performance' -- subject(s): Financial statements, Accounting, Standards
Confidence in the operation of capital markets is compromised when the system of public disclosure is eroded by reported instances of fraudulent reporting.
Allowed if it improves the usefulness of information in the financial statements
Consolidated Financial Statements are mandatory for tax reporting.
quartwly
Some GAAP principles are meant to improve or standardize recording and reporting of financial statements. Companies are expected to follow the GAAP principles when presenting financial statements.
Subsidiary companies are also part of group of companies so parent company is required to show the financial statements of group as a whole so that's why consolidated financial statements are prepared
i was looking for the same answer.... so9 here it goes..A financial audit, or more accurately, an audit of financial statements, is the verification of the financial statements of an entity. The opinion is intended to provide reasonable assurance that the financial statements are presented fairly, in all material respects, and/or give a true and fair view in accordance with the financial reporting framework (the GAAS requirements)ANDAn unaudited financial statement is that which an auditor has prepared, but not according to the Generally Accepted Auditing Standards (GAAS). Auditors preparing unaudited statements are required to issue a disclaimer stating that they are not rendering opinions and that the statement does not abide by the GAAS.hope it helped clear the difference!!:)
Peter E. M. Standish has written: 'Australian financial reporting' -- subject(s): Financial statements