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Footnotes to the financial statements refer to additional information that helps explain how a company arrived at its financial statement figures. They also help to explain any irregularities or perceived inconsistencies in year to year account methodologies.

Footnote disclosures describe how the numbers in the statement of financial position, statement of activities and cash flow statements were determined and provide a sense of where the organization is going. Financial statements are required to provide full disclosure, including future contingencies and commitments.

Notes to the financial statements disclose the detailed assumptions made by accountants when preparing a company's: income statement, balance sheet, statement of changes of financial position or statement of retained earnings. The notes are essential to fully understanding these documents.

Footnotes on financial statements provide additional information that helps analysts understand how a company arrived at its numbers. It helps to explain changes from one year to the next, and also will give detail of the company's accounting policies.

Although footnotes are a required part of any financial statement, there are no standards for clarity or conciseness. Management is required to disclose information "beyond the legal minimum" to avoid the risk of being sued.

Pick up any financial report and you'll always find references to the footnotes of the financial statements. The footnotes describe in detail the practices and reporting policies of the company's accounting methods and disclose additional information that can't be shown in the statements themselves.

Footnotes to the financial statements refer to additional information that helps explain how a company arrived at its financial statement figures.They also help to explain any irregularities or perceived inconsistencies in year to year account methodologies.

A financial statement disclosure will communicate relevant information not captured in the statement itself to a company's stakeholders. The disclosures can be required by generally accepted accounting principles or voluntary per management decisions.

Notes to the financial statements disclose the detailed assumptions made by accountants when preparing a company's: income statement, balance sheet, statement of changes of financial position or statement of retained earnings. The notes are essential to fully understanding these documents.

The information given in a footnote includes the author, the title, the place of publication, the publisher, the date of publication and the page or pages on which the quotation or information is found.