Skip to Main Content
Accounting All-in-One For Dummies, with Online Practice, 2nd Edition
book

Accounting All-in-One For Dummies, with Online Practice, 2nd Edition

by Joseph Kraynak
April 2018
Beginner content levelBeginner
768 pages
20h 9m
English
For Dummies
Content preview from Accounting All-in-One For Dummies, with Online Practice, 2nd Edition

Chapter 4

Reading Explanatory Notes and Disclosures

IN THIS CHAPTER

check Touching on corporate governance

check Studying the characteristics of a corporation

check Finding out more about a company by reading its notes and disclosures

check Figuring out who is responsible for full disclosure

This chapter begins with a quick overview of corporate governance and ends by shedding light on the explanatory notes and other information found in most corporate annual reports. For a complete picture of corporate annual reports, see Chapter 5. Annual reports educate the shareholders about corporate operations for the past year.

Also in this chapter, you find out how a business becomes a corporation, and you review the four characteristics of a corporation: continuity, easy transferability of shares, centralized management, and (the biggie) limited liability.

The complete list of notes and disclosures that may appear on a corporate annual report is quite long, so this chapter can’t cover them all. Instead, it focuses on the most common explanatory notes and disclosures popping up on corporate annual reports.

Realizing ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Accounting All-in-One For Dummies

Accounting All-in-One For Dummies

Ken Boyd, Lita Epstein, Mark P. Holtzman, Frimette Kass-shraibman, Maire Loughran, Vijay S. Sampath, John A. Tracy, Tage C. Tracy, Jill Gilbert Welytok

Publisher Resources

ISBN: 9781119453895Purchase book