Answer:

What is how are they included in accounting?

Answer:

The SEC (securities exchange commission) is basically  a government commission  which created by U.S Government with intention of protecting investors with maintaining fair and orderly Security markets functions and facilitating  capital formation

The SEC (securities exchange commission)  promotes the  full public disclosure. The SEC protects investors against fraudulent practices and manipulative practices in the Capital and Finance market . It monitors actions like corporate takeover in the US. SEC has many accounting records like registration statements of a company , its periodic reports and other securities forms through its comprehensive electronic. An investor can access all the record  with data gathering with analysis and retrieval (EDGAR) database.

What are Subsequent events, disclosure notes on significant policies provide two examples?

Let us understand the meaning of  Subsequent events . It is an event  which occurs after the balance sheet date i.e. date of Financial statement but they occur  prior to the date on which the statements available to be issued.

Example of Subsequent events

1 Bad debt

2 Law suit

disclosure notes on significant policies

Accounting policies of the company should  be disclosed for all important  components. The accounting policies illustrated in the  publication must be shown if  such policy are adopted by  reporting entities .It will assist users of the financial statement  in understanding how events and conditions ,transactions are reflected in the  financial statement

Example of disclosure notes on significant policies

1

whether the  proportionate consolidation method  or the equity method is used for account for interests in(JV) joint ventures

2

The measurement bases applied for classes of each property, plants  and other equipment (FRS 16).