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What Is the Need for the Notes to the Financial

question 52

Essay

What is the need for the notes to the financial statements when a firm's operations are already documented in the financial statements?


Definitions:

On Time

Refers to the condition or state of being operational or active at the expected or scheduled time.

Off Time

Represents the period when a system or component is not operating or is inactive.

PLCs

Abbreviation for Programmable Logic Controllers, specialized computers used to control industrial machines and processes.

Linear

Describes a relationship or process that proceeds in a straight line or in a direct, proportional manner without deviation.

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