Discuss the importance of financial statement analysis and determine why it is important to investors and creditors. Imagine you are considering investing in a corporation. Suggest what key information you would look for in a company’s financial statements, and explain why this information is important to you.
Review authoritative guidance on accounting policy disclosures at the IFRS website, located at http://www.ifrs.org. In the search engine, type in “accounting policy disclosures.” Evaluate the main elements that primary disclosure accounting policies encompass and provide at least two (2) examples of the most commonly required disclosures. Give your opinion on the way in which the disclosures you identified are important to financial statement users. Provide a rationale for your opinion.