a. Outline the kinds of information you would expect to see in a company's significant accounting policies
Question:
a. Outline the kinds of information you would expect to see in a company's significant accounting policies note to the financial statements.
b. How should a company decide what to include in that note?
c. A business commentator suggested that, when a company uses an accounting policy that is unusual, its significant accounting policies note should include a calculation of the effect on profit of using that policy as compared to the more usual practice. What do you think of that idea?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Financial Accounting An Integrated Approach
ISBN: 9780170349680
6th Edition
Authors: Ken Trotman, Michael Gibbins, Elizabeth Carson
Question Posted: