Principle of adequate disclosure

Assignment Help Financial Accounting
Reference no: EM1314534 , Length: 600 Words

Essay type question based on adequate disclosure.

Adequate disclosure

(a) Briefly explain what is meant by the principle of adequate disclosure.

(b) How does professional judgment enter into the application of the principle of adequate disclosure?

(c) List 5 types of information that a publicly-held corporation generally would be required to provide according to the concept of adequate disclosure.

Reference no: EM1314534

Questions Cloud

Graph of demand and supply of labour : Draw a graph of the UK labour market that shows the demand for labour, the supply of labour, and the real wage rate in 1973 and 2003. Draw a graph of the UK production function in 1973 and 2003.  Make sure your graph shows potential GDP in both year..
Probability based on uniform distribution : Suppose you bid $12000.  What is the probability that your bid will be accepted?
Identification of several factors of materiality : Identification of several factors of materiality and Identify several factors considered by an accountant in deciding whether an item is "material."
Explain how much would it receive for the bond : Explain how much would it receive for the bond where assuming the HOS could issue a zero coupon bond with a face value of $5,000
Principle of adequate disclosure : Briefly explain what is meant by the principle of adequate disclosure and How does professional judgment enter into the application of the principle of adequate disclosure?
Find the union of two sets : Find the union of two sets.
Recommendation for recessionary phase : Assume that you're a member of the Board of Governors of Federal Reserve System. The economy is experiencing a sharp decline into a recessionary phase of the business cycle.
Estimate the p-values using excel function : In Excel, which of the following functions is used to conduct a hypothesis test (using the  p -value) for a population variance
Ratio analysis from given income statement : Ratio analysis from given income statement - What are Lucrative's Net Profit Margin for the year ending December 31, 2005 and what are Lucrative 's earnings before interest, taxes, depreciation, and amortization (EBITDA) for the year ending Decembe..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Affect pre-tax profits

Calculation of no. of days in conversion cycle - how much cash would be freed up, and how would that affect pre-tax profits

  Determine the rate of return for the ratios

Determine the rate of return for the ratios - The following information has been taken from the financial statements of the Gaines Company. Gaines Company has only issued common stock

  Evaluate kats bank reconciliation

Evaluate Kat's bank reconciliation. What adjustments, if any, does she require to make in her checkbook?

  Cash basis accounting system

Are adjusting entries used in an accrual basis accounting system or in a cash basis accounting system?

  Analyze reporting needs for private sector

Prepare a merchandise purchases budget for the months of JUL

  Administrative and selling expenses

Administrative and Selling expenses

  Explain the double-declining technique

The machine has an evaluated five-year useful life and scrap value of $5,000. This machine is being depreciated using the double-declining technique.

  Purpose a combined cost of goods sold and income statement

Purpose a combined cost of goods sold and Income Statement

  Evaluate the companys break-even point

Evaluate the company's break-even point in number of widebody passenger jets and in dollars of sales.

  Determine the cost per unit of each

Identify which cost item above is fixed and variable and why and determine the cost per unit of each? what would be the total annual cost and unit cost of fixed and variable costs?

  Evaluation of net income from the change

Evaluation of net income from the change in stockholders' equity and find the net income for the year.

  Record the journal entries-transaction using the net method

Record the journal entries related to this transaction using the net method of recording purchases and Which method do you prefer? Why?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd