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  • Including Estimates of Future in Today Financial Statement

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    The document discusses including estimates of the future in today's financial statements. It notes that financial statements currently contain many estimates about the future, including estimated useful lives of long-lived assets and estimated future cash flows. However, explicitly recognizing uncertainty about these estimates could improve the transparency and usefulness of financial reporting. Disclosing the key assumptions and factors affecting estimates, as well as their degree of uncertainty, would help users better understand the limitations of financial statement information.

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    The document discusses including estimates of the future in today's financial statements. It notes that financial statements currently contain many estimates about the future, including estimated useful lives of long-lived assets and estimated future cash flows. However, explicitly recognizing uncertainty about these estimates could improve the transparency and usefulness of financial reporting. Disclosing the key assumptions and factors affecting estimates, as well as their degree of uncertainty, would help users better understand the limitations of financial statement information.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    Download as pdf or txt
    8 views15 pages

    Including Estimates of Future in Today Financial Statement

    Uploaded by

    anggi_ous
    The document discusses including estimates of the future in today's financial statements. It notes that financial statements currently contain many estimates about the future, including estimated useful lives of long-lived assets and estimated future cash flows. However, explicitly recognizing uncertainty about these estimates could improve the transparency and usefulness of financial reporting. Disclosing the key assumptions and factors affecting estimates, as well as their degree of uncertainty, would help users better understand the limitations of financial statement information.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    Including Estimates of the Future in Today's Financial Statements

    Barth, Mary E Accounting Horizons; Sep 2006; 20, 3; ProQuest pg. 271

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    Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

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    Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

    Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

    Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

    Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

    Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

    Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

    Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

    Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

    Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

    Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

    Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

    Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

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