Many companies assist the users of the financial statements by providing information about the company's accounting policy choices in the first note to the financial statements.

Question

Quizplus · Accepted Answer

It is common practice for companies to disclose their accounting policy choices and other significant accounting estimates in the notes to the financial statements. This helps users of the financial statements to understand how the financial information has been prepared and to make informed decisions based on that information.

Many Companies Assist the Users of the Financial Statements by Providing