Disclosure in the financial statements is aimed at bringing in transparency in the financial statements, however excessive disclosures not only make them difficult to understand by investors but also prove to be expensive for small and medium size firms. Do you agree with this statement? How much amount of disclosure is just the right one?. Explain taking a specific financial item as an example.
Disclosure in the financial statements is aimed at bringing in transparency in the financial statements, however excessive disclosures not only make them difficult to understand by investors but also prove to be expensive for small and medium size firms.
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