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1. To provide useful information to the management of an organisation for the purpose of planning, controlling, analysing, and decision making. 2. To provide information to prospective investors to attract them, so that they can take rational decisions regarding their investment based on the reports.
Disclosure means providing useful data to those who need it. In financial reports, disclosure means that financial reports must contain sufficient information and explanations about the results of a business unit`s activities.
The disclosure statement is a document that must contain information concerning the assets, liabilities, and business affairs of the debtor sufficient to enable a creditor to make an informed judgment about the debtor's plan of reorganization.
The Full Disclosure Principle states that all relevant and necessary information for the understanding of a company's financial statements must be included in public company filings.
Purpose of Disclosure means the use of Confidential Information for purposes of evaluation or collaborative research and development for academic research.
Identify and Adapt to Market Trends. ?A lot can happen in a year, and a financial disclosure can expose how they have been doing business over a period of time, as well as identify any past or present trends that can either lead to problems down the road and need to be tackled right away.