Companies present a "Summary of Significant Accounting Policies" generally as the first note to the financial statements.

Name: Companies present a "Summary of Significant Accounting Policies" generally as the first note to the financial statements.
Brand: Quizplus
Rating: 4.9 (39 reviews)

Question

Quizplus · Accepted Answer

This is a standard practice for most companies to provide a summary of their significant accounting policies in the first note of their financial statements to disclose the accounting principles and methods used in preparing their financial statements.

Companies Present a "Summary of Significant Accounting Policies" Generally as the First