Under the generally accepted accounting principles in use in the United States, businesses must write off the value of obsolete inventory. While the total amount of such write-offs must be included in ...

Financial statement footnotes provide an important element regarding a business' activities -- they provide context. Absent discussion in the footnotes about how the business conducts its operations, ...

Managed properly, footnotes offer a useful tool, particularly in academic articles, yet among many in the judiciary, they are viewed as a distraction. An unending debate among legal writers centers on ...