|
|
 | | | |
- close
- close
- close
- close
These excerpts taken from the AYR 10-K filed Mar 2, 2009. APPLICATION
OF CRITICAL ACCOUNTING POLICIES AND ESTIMATES
Management’s discussion and analysis of financial condition
and results of operations is based upon our consolidated
financial statements, which have been prepared in accordance
with GAAP, requires us to make estimates and assumptions that
affect the amounts reported in the consolidated financial
statements and accompanying footnotes. Our estimates and
assumptions are based on historical experiences and currently
available information. Actual results may differ from such
estimates under different conditions, sometimes materially. A
summary of our significant accounting policies is presented in
the notes to our consolidated financial statements included
elsewhere in this Annual Report. Critical accounting policies
and estimates are defined as those that are both most important
to the portrayal of our financial condition and results and
require our most subjective judgments, estimates and
assumptions. Our most critical accounting policies and estimates
are described below.
APPLICATION OF CRITICAL ACCOUNTING POLICIES AND ESTIMATES Management’s discussion and analysis of financial condition and results of operations is based upon our consolidated financial statements, which have been prepared in accordance with GAAP, requires us to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying footnotes. Our estimates and assumptions are based on historical experiences and currently available information. Actual results may differ from such estimates under different conditions, sometimes materially. A summary of our significant accounting policies is presented in the notes to our consolidated financial statements included elsewhere in this Annual Report. Critical accounting policies and estimates are defined as those that are both most important to the portrayal of our financial condition and results and require our most subjective judgments, estimates and assumptions. Our most critical accounting policies and estimates are described below. | EXCERPTS ON THIS PAGE:
RELATED TOPICS for AYR: |
| |||||||
