understanding the position and performance of company, although notes may be hard technically to understand in some cases. IFRS requires specific disclosures to discus items in the financial statements. For example items of property, plant, and equipment are disaggregated into classes like land, building, etc. As supplementary information It includes details or amounts that that present different perspective from that adopted in the financial statements (Kieso, 2011). It may be quantifiable information with high in relevance but low in reability. It may also include the management’s information of the financial information and the significant of information. The effect of various uncertainties on financial condition, valuing assets and liabilities methods, contracts and agreements should be disclosed as completely as possible by company. To disclose this, the company may use; Parenthitical Explanations This additional statement information adds completeness. It has a benefit over a note because it brings the additional information into the body of statements the users less likely to lose it. Cross-reference and contra items Cross-reference means a direct relationship between an assets and liability on the statement of financial position.
understanding the position and performance of company, although notes may be hard technically to understand in some cases. IFRS requires specific disclosures to discus items in the financial statements. For example items of property, plant, and equipment are disaggregated into classes like land, building, etc. As supplementary information It includes details or amounts that that present different perspective from that adopted in the financial statements (Kieso, 2011). It may be quantifiable information with high in relevance but low in reability. It may also include the management’s information of the financial information and the significant of information. The effect of various uncertainties on financial condition, valuing assets and liabilities methods, contracts and agreements should be disclosed as completely as possible by company. To disclose this, the company may use; Parenthitical Explanations This additional statement information adds completeness. It has a benefit over a note because it brings the additional information into the body of statements the users less likely to lose it. Cross-reference and contra items Cross-reference means a direct relationship between an assets and liability on the statement of financial position.
Ines%20N.%20Latifah,%20Chusnul%20Asfadillah,%20Raditya%20Sukmana.docx