DISCLOSURE Is related with information in both the financial statements and

Disclosure is related with information in both the

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DISCLOSURE Is related with information in both the financial statements and supplementary communications-including Footnotes Post-statement events Management’s analyses Additional information beyond historical costs Refers to the whole area of financial reporting and not simply to the financial statements
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DISCLOSURE FUNCTION OF SEC Aspect of Disclosure ; a. Protective disclosure b. Informative disclosure...the emphasis since early 1970s
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IMPERFECTION OF THE DISCLOSURE PROCESS Differential disclosure Selective disclosure
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FORMS AND METHODS OF DISCLOSURE Management discussion and analysis Operating results included the sale price change information, boarding, and volume sale Estimated future liquidity Capital and capital expenditure plans Prediction trends, uncertainties, and future events that make an impact material. Signaling and management earning forecast Appears largely consistent with the advocacy of greater disclosure
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[CONTINUE] SFAS Number 131 Quarterly Information THANKYOU
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  • Summer '14
  • Generally Accepted Accounting Principles, Selective Disclosure, rigid uniformity, relevant circumstances, finite uniformity

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