Ex. 23-38Notes to financial statements
An article in Dun's Review made the following comments: “At least every other year, businesses should print the notes in big type and the financial figures in smaller ones.”
a) Are notes considered part of the financial statements and what basic purpose do they serve?
b) What are the general types of notes?
Ex. 23-39Segmented reporting (IFRS requirements)
IFRS requires the reporting of segmented (disaggregated) financial data about operating segments and also about their products and services, the geographic areas in which they operate, and their major customers.
Identify four of the items of segmented information IFRS requires an enterprise to report.