The Basic Principles Of Plain English

929 Words Jun 7th, 2015 4 Pages
SEC requires the six basic principles of Plain English that include; short sentences, definite, concrete, everyday language, active voice, tabular presentation or bullet lists for complex material, whenever possible, no legal jargon or highly technical business terms, no multiple negatives - See more at: http://corporate.findlaw.com/corporate-governance/frequently-asked-questions-concerning-the-plain-english-rule-of.html#sthash.P7WSAJKj.dpuf
The memorandum provides right information, about authoritative sources. In the collection of the evidence is not only important authoritative sources, but also would be important non-authoritative sources, as we can mention guidance gives by AICPA, web sites, articles about the same industry or
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This citation in the memorandum was provided incorrect (ASC 305-20-35-1 and 28) this encoding does not exist in FASB. Another consideration is the citation ASC 350-20-35-4, which is related with the first step to accomplish goodwill impairment test. The memorandum stated only the (IAS 36.105) impairment losses.

Authorities on Segment Disclosure:
ASC 280-10-50-10 describe the criteria for reportable segments, if the criteria is met, separate information about operating segment shall be reported separately. ASC 280-10-50-6 refers business activities reports could be presented in different ways.

five general steps in the research process:
1. Investigate and analyze a clearly definable issue or problem.
2. Use an appropriate scientific approach.
3. Gather and document adequate and representative evidence.
4. Employ logical reasoning in drawing conclusions.
5. Support the validity or reasonableness of the conclusions.
Writing clearly and concisely is critical to your job as an accountant, whether you are a financial accountant, auditor, or tax accountant. The AICPA has identified six characteristics of effective writing for the CPA exam.
• Coherent organization
• Conciseness
• Clarity
• Use of standard English
• Responsiveness to the requirements of the questions
• Appropriateness for the reader
Referencing the codification

The memorandum does not use SEC’s plain English concepts. Investors need to read and understand disclosure documents to benefit fully

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