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DATA SECTIONIZES TO CONSOLIDATED FINANCIAL STATEMENTS OK Electric Industry Co., Ltd. and consolidated subsidiaries March 31, 20171. SIGNIFICANT ACCOUNTING POLICIES (a) Basis of presentation The accompanying
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A basis of presentation is the underlying framework used to prepare financial statements.
Any entity or organization that is required to prepare and submit financial statements.
A basis of presentation is typically filled out by following the guidelines provided by accounting standards or regulatory authorities.
The purpose of a basis of presentation is to provide users of financial statements with information about the methods used to prepare the statements.
The basis of presentation should include details about accounting policies, methods, and assumptions used in preparing financial statements.
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