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FINANCIAL AND REPORTING PRINCIPLES AND …

FINANCIAL AND REPORTING PRINCIPLES AND DEFINITIONS2 BASIC REPORTING PRINCIPLESnFull Disclosure of Meaningful InformationnBasic facts about an investment should be available prior to buying (or regulators) should be able to judge for themselves if a company s securities are a good for comparisons year to yearnAllows for comparisons among companiesnPurposenShould be a clear objective relative to the purpose of the report so preparer can make it meaningful3 REPORTING OBJECTIVESnFrom Harvey Kapnick, former council member of the American Institute of Certified Public AccountantsnAccounting has suffered from a void attributable to a lack of agreement about the objectives of the accounting and REPORTING ,authoritatively supported, could provide the goal, the road map, the unifying force.

FINANCIAL AND REPORTING PRINCIPLES ... n Management Discussion and Analysis n Financial Results, Footnotes, and Auditor’s Opinion n Results of Corporate Operations

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