Advantages of foreign financial statements

The advantages of foreign financial statements are as follows:

1. There are many kinds of foreign financial reports, and the notes in the financial reporting system are rich in content and methods.

There are many notes in accounting statements, especially in America. Most of the accounting notes are longer than the accounting statements themselves, and there are various methods to reveal them, such as marginal notes, bottom notes, brackets, supplementary statements, schedules, information analysis reports, etc.