[mpunk9]

Can someone please tell me what is required to be noted in the footnotes to the financial statements or where I can find those requirements? Is there a difference between footnote requirements for non-for-profit companies and for-profit companies?
Thanks

[morgaine300]

The problem with this is that the requirements are by subject matter. Just for instance, contingent liabilities have rules about what has to be recorded in the books, and what has to be disclosed in the notes. So you would find those rules with the contingent liabilities stuff. (Which itself could be more than one place.) When we learn these rules, we learn them within the subject areas. There's all kinds of stuff, like what methods are used to measure certain things (like what depreciation and inventory costing methods are used), continguencies, how certain types of revenues might be measured, stuff about stock options, etc, etc. Just all kinds of stuff I'd never even think of. I'm not aware of any "list" anywhere.

I also don't think trying to look at it as some all-inclusive comprehensive list is a good idea.