After graduating from BSU, you take a job at a start-up company,Flutie Enterprises. Your boss is unsure of what the standards stateabout which accounting policies your new company will have todisclose in their footnotes. Write a formal business memo to yourboss, Doug Flutie, in good form. Include responses to the followingquestions. Be sure to provide codification references for yourresponses. a. Identify the literature that addresses the disclosureof accounting policies. b. How are accounting policies defined inthe literature? c. What are the three scenarios that would resultin detailed disclosure of the accounting methods used? d. What aresome examples of common disclosures that are required under thisstatement? Pease provide citation from the FASB odificationsystem
After graduating from BSU, you take a job at a start-up company,Flutie Enterprises. Your boss is unsure of what the standards stateabout which accounting policies your new company will have todisclose in their footnotes. Write a formal business memo to yourboss, Doug Flutie, in good form. Include responses to the followingquestions. Be sure to provide codification references for yourresponses. a. Identify the literature that addresses the disclosureof accounting policies. b. How are accounting policies defined inthe literature? c. What are the three scenarios that would resultin detailed disclosure of the accounting methods used? d. What aresome examples of common disclosures that are required under thisstatement? Pease provide citation from the FASB odificationsystem