Financial Rporting

chandniwadhwani92
Finance Junkie
Posts: 166
Joined: Mon Oct 06, 2014 7:36 am

Financial Rporting

Postby chandniwadhwani92 » Sun Dec 14, 2014 3:07 pm

A disclosure that is required for public companies is the likely impact of implementing recently issued accounting standards. Management can discuss the impact of adopting the standard, conclude that the standard does not apply or will not affect the financial statements materially, or state that they are still evaluating the effects of the new standards
MY QUESTION
how it will conclude that standard doesn't not apply

edupristine
Finance Junkie
Posts: 722
Joined: Wed Apr 09, 2014 6:28 am

Financial Rporting

Postby edupristine » Tue Dec 16, 2014 7:03 am

Please provide a source of the question.


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