A policy that results in recognition of expenses later rather than sooner is considered [...] conservative.
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4.3. Implications for Financial Analysis me. These are only a few of the choices and estimates that affect a company’s reported net income.
As with revenue recognition policies, a company’s choice of expense recognition can be characterized by its relative conservatism. <span>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 can significantly affect net income. Analysis of a company’s financial statements, and particularly compari
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