Accounting framework - convention of disclosure, Financial Management

Accounting Framework - Convention of Disclosure

The doctrine of disclosure suggested in which all accounting statements should be honest and to that end, full disclosure of all important information must be made.

This doctrine lays emphasis on the fact, materiality, objectivity and consistency of accounting data in sequence to disclose fully the true and fair view of the economic activities of a firm for a particular period. This doctrine is becoming more popular of present because most of the companies are joint stock companies and listed on the stock exchanges.

Further to the financial statements the reporting of accounting information is made through means of comments, descriptive captions, footnotes, supplementary schedules, etc. in financial statements.

Posted Date: 2/6/2013 12:36:31 AM | Location : United States







Related Discussions:- Accounting framework - convention of disclosure, Assignment Help, Ask Question on Accounting framework - convention of disclosure, Get Answer, Expert's Help, Accounting framework - convention of disclosure Discussions

Write discussion on Accounting framework - convention of disclosure
Your posts are moderated
Related Questions
Outsourcing Outsourcing is referring to purchase of parts from outside suppliers. Outsourcing is the external acquisition of services or components used in the production of go

Question : (a) The role of the Public Expenditure Management System (PEMS) is to allocate and use resources responsively, efficiently and effectively'. Briefly explain the abo

Q. Example on Bills of exchange? ARG Co will be apprehensive to protect the sterling value of its expected dollar receipt. The quoted forward rates demonstrate that the dollar

Question 1: i) Performance budgeting is the best budgeting system. Discuss. ii) Why there is a need for implementing MTEF in the Mauritian Public Sector? Questi

Securitization refers to conversion of illiquid assets to liquid assets by converting longer duration cash flows into shorter duration ones. Securitization denote

Q. What are assumptions of Walters dividend model? 1. Constant Return and Cost of Capital: - The Walter' model presume that the firm's rate of return and its cost of capital ar

A useful matrix for acquisitions is Ansoff Matrix (business strategy knowledge) Ansoff product/market growth strategies model is a framework for the creation of strategic optio

WHAT IF BALANCE DOES NOT EXIT

What are the advantages and the disadvantages of a new stock issue? A new stock issue increases funds and reduces the riskiness of the firm. It as well tends to send a negative

I need help working through this problem. What is the stock price of Firm X when provided the following information? Beta – 1.42 MRP – 10% Rf – 3% G – 4% Dividend next period-