The explanatory notes (footnotes) accompanying the financial statements are generally of little value in aiding the financial analyst when interpreting the financial statements.

Question

Quizplus · Accepted Answer

Explanatory notes (footnotes) are an integral part of financial statements that provide additional information and context to the financial numbers presented in the statements. They can help the financial analyst in interpreting the financial statements and understanding the accounting policies and practices used by the company. Therefore, the statement in the question is false.

The Explanatory Notes (Footnotes) Accompanying the Financial Statements Are Generally