Codification Chapter 5

Codification Chapter 5 - PROFESSIONAL RESEARCH (a)...

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PROFESSIONAL RESEARCH (a) Codification String: FASB ASC 235-10-05—Presentation > 235 Notes to Financial Statements > 10 Overall > 05 Background (Predecessor Standard – [APB 22]) (b) Codification String: Presentation > 235 Notes to Financial Statements > 10 Overall > 05 Background 05-3 The accounting policies of an entity are the specific accounting principles and the methods of applying those principles that are judged by the management of the entity to be the most appropriate in the circumstances to present fairly financial position, cash flows, and results of operations in accordance with generally accepted accounting principles (GAAP) and that, accordingly, have been adopted for preparing the financial statements. (c) Codification String: Presentation > 235 Notes to Financial Statements > 10 Overall > 50 Disclosure 50-3 Disclosure of accounting policies shall identify and describe the accounting principles followed by the entity and the methods of applying those principles that
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Codification Chapter 5 - PROFESSIONAL RESEARCH (a)...

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