As with revenue recognition policies, a company’s choice of expense recognition can be characterized by its relative [...]
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conservatism
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4.3. Implications for Financial Analysis on or amortisation method, estimates of assets’ useful lives, and estimates of assets’ residual values can affect reported net income. These are only a few of the choices and estimates that affect a company’s reported net income.
<span>As with revenue recognition policies, a company’s choice of expense recognition can be characterized by its relative conservatism. A policy that results in recognition of expenses later rather than sooner is considered less conservative. In addition, many items of expense require the company to make estimates that
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