The notes can contain vast amounts of information

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The notes can contain vast amounts of information, depending on the statement or report being looked at, but are not limited to include information on debt, going concern, accounts, contingent liabilities, or contextual information explaining the financial numbers. The reason for the notes being used is for things like the earnings and cash flows are readily available in financial statements, but the investors might do better looking at the comparisons to other companies in the same industry. An area where a full disclosure would be good to have is when there are times that lawsuits become apparent to companies. In a report they will want to have some information, like concerns about the lawsuit or if they think that they will have to pay or be ok in the end, which to some people, is very important. People who are interested in the company might like to see this information. If it was hidden, you might not know what kind of company you are getting involved with. In some situations, the benefits of
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disclosure may be apparent but the costs are uncertain, where other time the costs may be certain but the benefits are not as apparent.
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