TAILIEUCHUNG - Lecture Accounting: What the numbers mean (5/e) - Chapter 10: Explanatory notes and other financial information

After reading this chapter, you should be able to answer the following questions: Are the explanatory notes an integral part of the financial statements? Do the notes provide detailed disclosure needed by users wishing to gain a full understanding of the financial statements? What are the kinds of significant accounting policies that are explained in the notes?. | CHAPTER 10 EXPLANATORY NOTES AND OTHER FINANCIAL INFORMATION McGraw-Hill/Irwin ©The McGraw-Hill Companies, Inc., 2002 Learning Objectives Are the explanatory notes an integral part of the financial statements? Do the notes provide detailed disclosure needed by users wishing to gain a full understanding of the financial statements? What are the kinds of significant accounting policies that are explained in the notes? McGraw-Hill/Irwin ©The McGraw-Hill Companies, Inc., 2002 Learning Objectives What are the nature and content of disclosures relating to accounting changes, business combinations, contingencies and commitments, events subsequent to the balance sheet date, impact of inflation, and segment information? What is the role of the Securities and Exchange Commission, and what are some of its reporting requirements? McGraw-Hill/Irwin ©The McGraw-Hill Companies, Inc., 2002 Learning Objectives Why is a statement of management’s responsibility included with the notes? What is the significance of management’ discussion and analysis of the firm’s financial condition and results of operations? What is included in the five-year (or longer) summary of financial information? What are the meaning and content of the independent auditor’s report? McGraw-Hill/Irwin ©The McGraw-Hill Companies, Inc., 2002 Learning Objective 1 Are the explanatory notes an integral part of the financial statements? Do the notes provide detailed disclosure needed by users wishing to gain a full understanding of the financial statements? McGraw-Hill/Irwin ©The McGraw-Hill Companies, Inc., 2002 General Organization The explanatory notes refer to specific items in the financial statements The financial statement sequence is usually as follows: Income statement Balance Sheet Statement of cash flows The placement of the statement of changes in owners’ equity depends on the complexity of the statement McGraw-Hill/Irwin ©The McGraw-Hill Companies, Inc., 2002 Explanatory Notes Full disclosure requires .

• Kế toán - Kiểm toán
• Lecture Accounting
• Cost analysis
• What the numbers mean
• Explanatory notes
• Financial information
• Significant accounting policies
• Financial accounting
• Lecture Financial accounting
• Accounting information
• Management accounting
• Accounting standards
• Accounting equation
• Intermediate accounting
• Lecture Intermediate accounting
• Accounting process
• Accounting processing cycle
• Managerial accounting
• Accounting principles
• Fundamental accounting principles
• Lecture Fundamental accounting principles
• Merchandising operations
• Lecture Accounting 1
• Accounting for main transactions
• Accounting for purchases
• Accounting for sales
• Accounting for expenses
• Principle of accounting
• Lecture Principle of accounting
• The basic accounting equation
• Transaction analysis in accounting equation
• Calculate the accounting equation
• Lecture Advanced financial accounting
• Bài giảng Kế toán tài chính nâng cao
• Advanced financial accounting
• Accounting policies
• Accounting estimate
• Retrospective application
• Changes in accounting estimates
• Retrospective restatements
• Accounting assumptions
• Lecture Management accounting
• Bài giảng Kế toán quản trị
• Nature of management accounting
• Component of accounting system
• Financial system
• Lecture Accounting and financial system
• Ledger accounting
• Trial balance
• Completing the accounting cycle
• Accounting cycle
• Accounting worksheet
• Classified balance sheet
• Accounting changes
• Error corrections
• Accounting choices
• Accounting for business
• Lecture Accounting for business
• Accounting entity
• Classification of assets
• Accounting equation transactions