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polet [3.4K]
3 years ago
7

Does GAAP routinely require companies to disclosure forecasts of financial variables to external users? Indicate yes or no and e

xplain how your answer relates to the qualitative characteristics of accounting information.
Business
1 answer:
Andrei [34K]3 years ago
4 0

Answer:

No, they don´t.

Explanation:

Forecast is not required by GAAP, as the <u>Relevance</u> and the <u>Faithful</u> <u>Representation</u> are concepts that are not compatible with data projection.  Forecast implies estimates, and subjective interpretations that do not fulfill financial statements aim and are difficult to verify.

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2 years ago
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Butoxors [25]

Answer:

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4 0
2 years ago
How does a local water budget differ from the water budget of the whole earth?
Brrunno [24]
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6 0
3 years ago
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horrorfan [7]

Answer:

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And, the same is to be considered

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