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Are these disclosures Voluntary disclosures in accounting financial report ? If yes write the advantage of...

Are these disclosures Voluntary disclosures in accounting financial report ? If yes write the advantage of each one for the company when it disclose

  • Organization and activities.
  • Branches of the Company.
  • Intangible assets – Software.
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Answer #1

Yes, these are voluntary disclosures in accounting financial report. The advantages for each are as follows-

1. Organisation and activities- Disclosure of organisations and activities will lead the investors to understand and have knowledge about the future returns of the company as it gives an increased productivity and a sense of control.

2.Branches of the company- Disclosure of branches will lead to the benefits of consumer or customers to find there stop near them without any traveling efforts.

3. Intangible assets ( software) - Disclosure of software should also be done as these are necessary for the updation of the company and see through the new technologies that are coming their way.

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