"Recognition is the process of recording an item in the financial statements of an entity." It is one of the important definition of accounting. I like this words, because accumulation of recording (information) is useful for predictions.
As I write it down in my blog, I am an accountant. These days, I am analysing company's financial statements, then I suggest the strategy. At least over 3 year's F/S's are helpful for analysing. Financial statements have bunch of material information, about not only numbers but also footnotes.
Anyway, I started a new CPA class. I need to understand bunch of information. I hope the less information, the better in this case...
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