A company's financial statements are supposed to provide a picture of its financial condition. But without context, the statements are just numbers -- a muddy picture, at best. Detailed disclosures contained within the footnotes to the financial statements supply the necessary context, fleshing out...
additional legislation such as the Sarbanes-Oxley Act of 2002 extended public-company disclosure requirements and government oversight of them. As mandated by the SEC, disclosures include those related to a company's financial condition
The final financial statement assertion is presentation anddisclosure. This is the assertion that all appropriate information and disclosures are included in a company's statements and all the information presented in the statements is fair and easy to understand. This assertion may also be categorized...
What drives reputational risk? Evidence from textual risk disclosures in financial statementsThe drivers of reputational risk are still far from explicit, making proactive risk management and quantitative research rather difficult. The Basel Committee on Banking Supervision encourages financial institutions to...
Overall, the drivers of reputational risk are still far from explicit, which seriously hinders proactive risk management and quantitative research. Therefore, the objective of this paper is to systematically identify the reputational risk drivers from the textual risk disclosures in financial reports by ...
Investing in Real Estate in 2025 Real estate investors can find opportunities in up and down markets, and several destinations within and outside the U.S. are solid picks right now. Coryanne HicksDec. 13, 2024 7 Clean Energy ETFs to Buy Now ...
I also think that the financial disclosures regarding securities are very important. For example, on most financial investment programs the panelists have to disclose if they own a particular holding that they are urging people to invest in. This allows the viewer to determine if there is a ...
Cash flow statements are one of the three fundamentalfinancial statementsused, alongside income statements and balance sheets. However, one could argue that the cash flow statement is the most critical as it summarizes the amount of cash flowing in and out of an organization. Inaccuracies can re...
Notes to Financial Statements Notes to financial statements (also called financial disclosures) refer to any other notes and information provided alongside financial statements. These notes allow other readers to better read and interpret the information provided in statements as well as evaluate the firm...
If you can't claim the full Child Tax Credit because you owe less tax than the available credit, you may be able to claim the refundable Additional Child Tax Credit.