Executives must use judgment. The estimates and assumptions that affect the assignment policy. Accounting and reporting the amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates.
Requires management to make judgments, estimates and assumptions. Which have an impact on policy. Accounting and reported amounts of assets, liabilities, revenues and expenses. Actual results may differ from these estimates.
The need to use critical thinking about and several assumptions The impact on policy formulation. Accounting and reporting the amount of assets, liabilities, revenues and expenses as a result may be different from approximately.