|
Contingent liabilities are different for every type of business and profession, and management makes provision for them by setting aside appropriate funds as reserves. ... Under corporate-legislation, contingent liabilities must be disclosed in a balance sheet via an explanatory note (footnote)
|
www.businessdictionary.com/definition/contingent-liabil...
www.businessdictionary.com/definition/contingent-liability.html
|
|
|
“ |
･ 1. The possibility of an obligation to pay certain sums dependent on future events. ･ 2. Defined obligations by a company that must be met, but the probability of payment is minimal.
http://www.investopedia.com/terms/c/contingentliability...
|
|
|
The criteria for recognition and/or disclosure of contingent liabilities. ... ACCOUNTING FOR CONTINGENT LIABILITIES: A subjective assessment of the probability of an unfavorable outcome is required to properly account for contingences.
|
www.principlesofaccounting.com/chapter%2012.htm
|
|
|
|
|
|
Exposure Draft E59 Provisions, Contingent Liabilities and Contingent Assets ... Since there is common ground as regards liabilities that are uncertain, IAS 37 also deals with contingencies. It requires that entities should not recognise contingent liabilities - but should disclose them, unless the possibility of an outflow...
|
www.iasplus.com/standard/ias37.htm
|
|
|
1. This section gives guidance on matters relating to the entering into contingent liabilities by the Scottish Government (SG), including SG Executive Agencies.
|
www.scotland.gov.uk/Topics/Government/Finance/spfm/cont...
www.scotland.gov.uk/Topics/Government/Finance/spfm/contingentliabs
|
|
Status: New Handbook Sections issued September 2004. In June 2004, PSAB approved three new Handbook Sections: Liabilities, Section PS 3200, Contingent Liabilities, Section PS 3300, and Contractual Obligations, Section PS 3390.
|
www.cica.ca/index.cfm/ci_id/3950la_id/1.htm
|
|
Contingent liabilities are not shown in the balance sheet, but must be disclosed in the notes. ... Common types of contingent liabilities include guarantees and the results of legal disputes. Guarantees may be given on behalf of an associate company, or as part of a larger deal (banks frequently give guarantees of...
|
moneyterms.co.uk/contingent_liabilities/
moneyterms.co.uk/contingent_liabilities/
|
|
C. Contractual Obligations and Contingent Liabilities and Commitments ... 2. Proposed Disclosure of Contingent Liabilities or Commitments ... Proposed Rule: Disclosure in Management's Discussion and Analysis About Off-Balance Sheet Arrangements, Contractual Obligations and Contingent Liabilities and Commitments...
|
www.sec.gov/rules/proposed/33-8144.htm
|
|
