A contingent liability is a potential cost a company may or may not incur in the future. A contingent liability could be a guarantee on a debt to another entity, a lawsuit, a government probe, or even ...
It often is difficult to determine the existence of a contingent liability. Even when the potential liability is known, it’s not easy to correctly value it. Failure to properly consider the tax impact ...
GAD has been announced as a key partner to help establish the new Contingent Liability Central Capability function for government. The Government Actuary's Department (GAD) has been selected as a key ...
Accruing a likely contingent liability is part of responsible earnings management. Although you aren't likely to find the term "earnings management" in an accounting dictionary, the American Institute ...
Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those ...
lthough in the past the government won a number of important victories in its ongoing attempt to stop abusive tax transactions, it has continued to lose on contingent liability transactions. Recently, ...
Contingent liabilities from guarantees and contingent assets from on-lending, can pose substantial risks to government finances. Prudent risk monitoring and risk management can help identify and ...
Dave Ramsey warns against co-signing & its risks in a profit-driven lending system. Debt decisions are math problems, not moral failures.
Vancouver, British Columbia--(Newsfile Corp. - July 30, 2020) - CASCADERO COPPER CORPORATION (TSXV: CCD) (the "Company") announced today that, in the process of conducting due diligence by the new ...
Lee Buchheit and Mitu Gulati, opens new tab have another great paper out on the subject of how on earth a sovereign is meant to restructure its contingent liabilities. Here’s the problem, in a single ...
OP3 International Pte Ltd v Foo Kian Beng [2022] SGHC 225 is a good illustration of the approach taken by the court in considering directors’ duties when a company is in a financially parlous ...
A liability is a financial obligation or debt owed. Liabilities are key elements on every company’s balance sheet, and therefore, important to stock and bond investors. Learn more. In finance and ...
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