AFM 101 Chapter 6 Psutka

For5or10years managementdiscussion

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Unformatted text preview: hat lend money to companies LO 1 Conceptual Framework–Qualitative Characteristics • Relevance (materiality) + Faithful Relevance representation representation $$$ (Cost) $$$ • Comparability • Verifiability • Timeliness • Understandability Enhancing LO 2 The Financial Section of a public company’s annual report includes: 1.. 1 2. 2. 3. 3. 4. 4. 5. 5. Summarized financial data Summarized financial data for 5­ or 10­years. for 5­ or 10­years. Management Discussion Management Discussion and Analysis (MD&A). and Analysis (MD&A). The four basic financial The four basic financial statements. statements. Notes (footnotes)....
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