List and discuss the types of information commonly disclosed in the footnotes to corporate financial statements. The footnotes to a company's financial statements provide a significant amount of additional information about the items on the company's financial statements. In general, the footnotes disclose information that explains, clarifies, or develops items appearing on the financial statements, which cannot easily be incorporated into the financial statements themselves. The most common examples of footnotes are:
a. Accounting policies.
b. Schedules and exhibits.
c. Explanations of financial statement items.
d. General information about the company.