which of the following are required elements of an accounting of disclosures course hero

What is an accounting disclosure?

An accounting disclosure is a statement released by a company, business, or corporation that identifies the financial strategies that are being used and reveals things like costs and profits for a certain calendar period.

What is meant by disclosure outweigh the information contained?

This means disclosure outweigh the information contained in accordance with the disclosure of sufficient information and cares of this disclosure balanced care of the needs of all parties used accounting information.

What is a preventive disclosure in accounting?

A preventive disclosure: And is known as the traditional disclosure is intended to protect investors and creditors and other users of accounting information to make inappropriate decisions. The information should be in accordance with this disclosure at the highest possible degree of objectivity.

What are discdiscolours in financial statements?

Discolours are requirement from IFRSs, and IASs to maintain the transparency and standardised reporting format which can easily be compared to the similar companies in same industry, and give the reader enhanced understanding of company's financial position and financial performance.

What is the primary objective of financial reporting?

The primary objective of financial reporting is to provide information.

What is level 2 input?

Level 2 <-> Inputs other than quoted prices that are observable for the asset or liability.