Unformatted text preview: Cannot be soo costly for reporters to issue Slide 23 Cost/Benefit – benefits cannot be difficult to quantify The costs are easier to quantify Materiality – ex. Legislation – does not have a material effect, but might effect on the way that your product is sold Slide 24 Conservatism – try not to mislead investors “When in doubt, choose the solution that will be the least likely to overstate assets and income.” Slide 26...
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- Spring '11
- Generally Accepted Accounting Principles, break up