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Discuss the various forms of disclosure available in publish

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The concept of adequate disclosure continues to be one of the most important issues facing accountants, and disclosure may take various forms.

Discuss the various forms of disclosure available in published financial statements.

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The classic forms for disclosure are (1) on the face of the financial statements, (2) in the footnotes to the financial statements and (3) in managements' voluntary discussions, typically called Operating and Financial Review (OFR) or Management's Discussion and Analysis (MD&A). The disclosures on the face of the financial statements tend to be mostly required disclosures. The footnotes would have a blend of required and voluntary disclosures and management's discussion would be primarily voluntary comments.

The face of the financial statements may contain details about components in inventory (raw materials, work in process) and classifications of major long term assets ...

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The three forms of disclosure are discussed in everyday language suitable for a novice (403 words).

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Concept of adequate disclosure issues facing accountants

The concept of adequate disclosure continues to be one of the most important issues facing accountants. Disclosure may take various forms.
If you should analyze the following:
The various forms of disclosure available in published financial statements
.The disclosure issues addressed by the:
.AICPA's Code of Professional Ethics
.SEC Act of 1933
.SEC Act of 1934
.Foreign Corrupt Practices Act of 1977
REQUIRED:
(1).Provided points of analysis on the various forms of disclosure available in published financial statements
(2).Provided points of analysis of the disclosure issues addressed by the AICPA's Code of Professional Ethics
(3).Provided points of analysis of the disclosure issues addressed by SEC Act of 1933
(4)Provided points of analysis of the disclosure issues addressed by SEC Act of 1934
(5)Provided points of analysis of the disclosure issues addressed by Foreign Corrupt Practices Act of 1977
Cited one reference.

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