Accounting 101 - Full disclosure accounting principle

Full disclosure. The truth, nothing but the truth, and the whole truth. All financial information regarding business transactions must be given in full. It is important for users of the financial information to see the full picture, and for that we need full disclosure. In the annual reports of publicly listed companies, the section called “Commitments and Contingencies” (in the notes to the financial statements) is actually one of the most interesting ones to find out what kind of trouble the company might be in! Philip de Vroe (The Finance Storyteller) aims to make accounting, finance and investing enjoyable and easier to understand. Learn the business and accounting vocabulary to join the conversation with your CEO at your company. Understand how financial statements work in order to make better investing decisions. Philip delivers #financetraining in various formats: YouTube videos, livestreams, classroom sessions, and webinars. Connect with me through Linked In! Want to get access to bonus content, and/or express your gratitude by buying me a cup of tea? Join my channel as a member through https://www.youtube.com/channel/UCQQJnyU8fALcOqqpyyIN4sg/join