Purpose and types of notes to financial statements
Not what you're looking for?
An article in Dun's Review made the following comments:
"Every other year, say, companies should print the notes in big type and the base figures in smaller ones."
Instructions:
(a) Are notes considered as part of the financial statements and what basic purpose do they serve?
(b) What are the general types of notes?
Purchase this Solution
Solution Summary
This posting explains the importance of notes to financial statements, their basic purpose & types.
Solution Preview
(a) Notes are an integral part of the financial statements of a business enterprise. Notes are the accountant's means of more fully disclosing data relevant to the interpretation of the ...
Purchase this Solution
Free BrainMass Quizzes
Understanding the Accounting Equation
These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.
Learning Lean
This quiz will help you understand the basic concepts of Lean.
Social Media: Pinterest
This quiz introduces basic concepts of Pinterest social media
Academic Reading and Writing: Critical Thinking
Importance of Critical Thinking
Six Sigma for Process Improvement
A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.