What are the accounting disclosures and why they are important?

Accounting Disclosure Accounting disclosure is the stage that enables accountants to express their efforts in providing accounting information. It is one of the most important accounting principles. Accountants have agreed to adopt this principle when preparing published financial statements. This has helped non-project stakeholders to make sound decisions in light of the information They get them from those lists.

Discolours are requirement from IFRSs, and IASs to maintain the transparency and standardised reporting format which can easily be compared to the similar companies in same industry, and give the reader enhanced understanding of company's financial position and financial performance.