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
Audit risk Obtain understanding of accounting and internal control systems. Sufficient to plan audit and develop effective audit approach. Professional judgement to

What is Face Value/ Par Value Value of security as mentioned on certificate of the security.  Face values and par values are two terms that are used interchangeably.  Corporate

Q. What is Investment Decision ? Investment Decision: - Investment decision as well known as 'Capital Budgeting' is related to the selection of long-term assets or projects in

What is compound interest? Compare compound interest to discounting. Compound interest takes place while interest is earned on interest and on the original principal of an invest

Cascade Water Company (CWC) currently has 30 000 shares of common stock outstanding, trading at a price of R42 per share. CWC also has 500 000 bonds outstanding that are currently

Describe the balance of payments identity and discuss its implications under the fixed and flexible exchange rate regimes. Answer:  The balance of payments recognize holds that t

what is leverage

Timing of Financial Reports: Just as the actual report requirements differ depending on the requirements of the stakeholder that will be using them, so too will the timing of t

QUESTION Part A: 1. Nev Plc is considering to invest in a machine to manufacture a new line of umbrellas. The following data has been assembled in respect of the investment:

considering the following information,what is the prise of the share as per gorden''s model?