Full disclosure principal
Not what you're looking for?
What is the full disclosure principle in accounting? Why has disclosure increased substantially in the last 10 years?
Purchase this Solution
Solution Summary
This explains the Full disclosure principal
Solution Preview
Full disclosure principal needs significant facts affecting the judgment should be disclosed. Moreover the respect of truth has got great impact in the workplace. It creates environment of harmony, faith and cooperation. Infact I can say that it is one of the important characteristics of the successful organizations. Thus The objective of it is :
* To promote investor confidence;
* To provide investors with material information
* To improve the quality and timeliness of disclosure to investors
Trend of Disclosure increasing
With the recent debacle of various organizations like ENRON, WorldCom and also there was questionable role of financial reporting. These companies have shown all of us how the dishonest, corrupted the business world has become and the men that lead these companies are clear examples of what you do not want to become. Executive position begat power and if it is not handled correctly that power will begat corruptive disaster. (Nahavandi, 2003)
Here ...
Purchase this Solution
Free BrainMass Quizzes
Basic Social Media Concepts
The quiz will test your knowledge on basic social media concepts.
Cost Concepts: Analyzing Costs in Managerial Accounting
This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.
Motivation
This tests some key elements of major motivation theories.
IPOs
This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)
Situational Leadership
This quiz will help you better understand Situational Leadership and its theories.