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What does it mean accounting disclosure?

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Question added by georgei assi , مدير حسابات , المجموعة السورية
Date Posted: 2014/12/21
Divyesh Patel
by Divyesh Patel , Assistant Professional Officer- Treasury , City Of Cape Town

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.

 

georgei assi
by georgei assi , مدير حسابات , المجموعة السورية

Intended to disclose the accounting provision of adequate and appropriate information free of material misstatement

ايمن محمد عاطف محمد
by ايمن محمد عاطف محمد , Director of the control and regulation unit , ACOLID

The concept of accounting disclosure:

Intended to disclose in general is full of publicity. Either in the accounting is intended to show that the financial statements of all the key information of interest to users of information that will help them make decisions properly. And the size of which depends information should be disclosed to the user experience and information requirements and accounting measure required Zaoy which led to the three concepts of the disclosure, namely:

Full disclosure

Disclosure fair

A sufficient disclosure. Full disclosure:

Full disclosure requires the disclosure of all information and details, whether it is needed or not. This type of disclosure may not benefit the user information even if the check where that too many details that are not important may confuse the user information does not help him to take the right decision at the right time b. Disclosure fair focuses on the concept of fair disclosure ethical goals of justice and equality among users of financial statements in the presentation of the facts relating to the activities established to help them will take a correct decision. But this concept is criticized as the concept of justice is a relative concept defined. C.

Disclosure enough:

Is the most widely used by professional organizations and most of the writers and researchers as it is, according to this concept are presented and provide appropriate information and that are compatible with the needs of the user information, which help him to make the right decisions at the right time. This requires a concept display all relevant information to users of the information

Salah Othman Yousef Alshambaati
by Salah Othman Yousef Alshambaati , مدير ادارة الحسابات , شركة انفال الجديدة للتجارة والمقاولات

Agreed with the answer, Mr. George

Asim Azaldeen Abdalrahman Mhammed
by Asim Azaldeen Abdalrahman Mhammed , Property Manager , TAAM PROPERTY

Thanx Mr ayman and Mr georgie for your enough answers

Adejuyigbe Ikotun
by Adejuyigbe Ikotun , Lead Consultant , DAIKOT CONSULTING SERVICES

Let me buttress some of the points raised above. "Accounting disclosure": It is a process of preparing and presenting financial report showing the accounting policies, basis, and principles (GAAPs) adopted.  This is to enable the users to have adequate information that will help them in making investment decisions.

Mir Mujtaba Ali
by Mir Mujtaba Ali , Internal Audit Manager , Confidential

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. The main purpose of this sort of document is to inform both current and potential investors of the accounting strategies and methods used.

Abdul Wahab Mohamed Azmy
by Abdul Wahab Mohamed Azmy , Chief Accountant , Bahrain Development Centre

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. The main purpose of this sort of document is to inform both current and potential investors of the accounting strategies and methods used. These financial statements include, but are not limited to, the balance sheet, the statement of cash flows, the income statement, and the statement of stockholders’ equity. The full disclosure principle of most legal systems requires that any event that would have an impact on the financial statements should be revealed, and the laws of many countries set out specific guidelines for both how and when disclosures need to be made. Companies often release this sort of information in their annual reports.

 

Menerva Melad
by Menerva Melad , Account Executive, Key Accounts , Graphic Home Company

the answers were given are very good so i agree with them

Alex Al Yazouri
by Alex Al Yazouri , General Manager , Al Mushref Cooperative Society

Is a statement released by a company, business, or corporation that identifies the financial strategies that are being used and reveals the details.

Mahmoud Abdel Aziz CMA
by Mahmoud Abdel Aziz CMA , Finance Manager , Pan Gulf Telecommunication Co. - Pan Gulf Holding Co.

the accounting disclose is a part of the audited or in house FS to clear any doubt and to disclose any needed information

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