Scope section Mnemonic
Okay, this is a ridiculous mnemonic, but anything to help me remember boring lists.
My child is afraid of the dark so I'm going to SCOPE out his CRIB and make sure it's not too DARk in his room.
Consistency and reasonability
Reconciliation to Schedule P
Intercompany pooling
Basis of presentation
Data sources (who, where)
Accounting basis for reserves
Review date
k- you shout 'K!, I am finished scoping out the room and it isn't too DARk!'
Comments
Lol! For others reading this post, this mnemonic applies to the list of disclosure items in the SCOPE section of the SAO and is discussed in the wiki here:
Thx @ulysses!