PDF IAS 37 負債準備、或有負債及或有資產 - Deloitte US

IAS 37 — Provisions, Contingent Liabilities and Contingent Assets

IAS 37 outlines the accounting for provisions (liabilities of uncertain timing or amount), together with contingent assets (possible assets) and contingent liabilities (possible obligations and present obligations that are not probable or not reliably measurable). Provisions are measured at the best estimate (including risks and uncertainties) of the expenditure required to settle the present ...

Reporting Requirements of Contingent Liabilities and GAAP Compliance

Contingent liabilities must pass two thresholds before they can be reported in financial statements. First, it must be possible to estimate the value of the contingent liability. If the value can ...

Contingent Liability - Definition, Why to Record

A contingent liability is a potential liability that may or may not occur, depending on the result of an uncertain future event. The relevance of a contingent liability depends on the probability of the contingency becoming an actual liability, its timing, and the accuracy with which the amount associated with it can be estimated.

Contingent Liabilities | Definition + Examples - Wall Street Prep

A conditional liability refers to a potential obligation incurred by a company on a future date if certain conditions are met. Contingent liabilities are incurred on a conditional basis, where the outcome of an uncertain future event dictates whether the loss is incurred. A contingency describes a scenario wherein the outcome is indeterminable ...

IAS 37 Provisions, Contingent Liabilities and Contingent Assets

In April 2001 the International Accounting Standards Board adopted IAS 37 Provisions, Contingent Liabilities and Contingent Assets, which had originally been issued by the International Accounting Standards Committee in September 1998.That standard replaced parts of IAS 10 Contingencies and Events Occurring after the Balance Sheet Date that was issued in 1978 and that dealt with contingencies.

Contingent Liability: What Is It, and What Are Some Examples?

Contingent Liability: A contingent liability is a potential liability that may occur, depending on the outcome of an uncertain future event. A contingent liability is recorded in the accounting ...

PDF IAS 37 Provisions, Contingent Liabilities and Contingent Assets - IFRS

International Accounting Standard 37 Provisions, Contingent Liabilities and Contingent Assets (IAS 37) is set out in paragraphs 1-105. All the paragraphs have equal authority but retain the IASC format of the Standard when it was adopted by the IASB. IAS 37 should be read in the context of its objective, the Preface to IFRS Standards and the ...

Contingent liability - Wikipedia

t. e. In accounting, contingent liabilities are liabilities that may be incurred by an entity depending on the outcome of an uncertain future event [1] such as the outcome of a pending lawsuit. These liabilities are not recorded in a company's accounts and shown in the balance sheet when both probable and reasonably estimable as 'contingency ...

Contingent Assets and Liabilities (IAS 37) - IFRScommunity.com

Definition of contingent liability. According to IAS 37.10 and IAS 37.27-30, a contingent liability is: A possible obligation resulting from past events, the existence of which will be confirmed only by the occurrence or non-occurrence of uncertain future events outside the entity's control; or. A present obligation that remains unrecognised ...

Contingent Liability - How to Use and Record Contingent Liabilities ...

A Contingent Liability is a possible liability or a potential loss that may or may not occur based on the result of an unexpected future event or circumstance. These liabilities will get recorded if the liability has a reasonable probability of occurrence. A contingent liability can be very challenging to articulate in monetary terms.

PDF HKAS 37 Provisions, Contingent Liabilities and Contingent Assets

The International Accounting Standard comparable with HKAS 37 is IAS 37 Provisions, Contingent Liabilities and Contingent Assets. There are no major textual differences between HKAS 37 and IAS 37. Note: Example 3A, 8A, 12 and 13 in Appendix C to HKAS 37 are additional Hong Kong examples.

What Are Contingent Liabilities? | Definition, Explanation, Examples

Examples of contingent liabilities include product warranties and guarantees, pending or threatened litigation, and the guarantee of others' indebtedness. In all these situations, a past event has occurred that may give rise to liability depending on some future event. For example, suppose that when General Motors sells a car, it gives the ...

12.3: Accounting for Contingent Liabilities - Business LibreTexts

Contingent liabilities: Various lawsuits and claims, including those involving ordinary routine litigation incidental to its business, to which the Company is a party, are pending, or have been asserted, against the Company. In addition, the Company was advised…that the United States Environmental Protection Agency had determined the ...

Contingent Liabilities: Understanding Their Meaning and Financial ...

Published Jan 11, 2024. Contingent liabilities are a critical aspect of financial reporting and analysis, often representing potential financial obligations that hinge on future events. These obligations can have significant implications for an entity's financial health and the decisions made by investors, creditors, and other stakeholders.

Contingent Liabilities (Accounting) - Explained - The Business ...

Contingent liabilities are potential obligations. Those obligations from past activities where we are uncertain that they will occur and we are uncertain how much they will cost. Known liabilities we known will happen and how much they will cost. Estimated liabilities, we known will happen, but we don't know how much they will cost.

Contingent Liabilities Meaning, Examples, and Accounting Entries

Contingent liabilities are a type of liability that may be owed in the future as the result of a potential event. They are, therefore, contingent, on something happening. A contingency is defined by Generally Accepted Accounting Principles (GAAP) as an existing condition, situation, or set of circumstances involving uncertainty as to a possible gain or loss to a business that will be resolved ...

Contingent Liabilities | Financial Accounting - Lumen Learning

Contingent liabilities. The existence of the liability is uncertain and usually, the amount is uncertain because contingent liabilities depend (or are contingent) on some future event occurring or not occurring. Examples include liabilities arising from lawsuits, discounted notes receivable, income tax disputes, penalties that may be assessed ...

PDF Contingent Liabilities

contingent liabilities do not arise from a legal or con-tractual source, but are recognized aft er a condition or event is realized. While the focus of this chapter is largely on explicit contingent liabilities, the importance of implicit contingent liabilities is also discussed below. Table 9.1 provides a practical way of classifying the

或有負債 - Mba智库百科

或有負債（Contingent Liability）或有負債是指企業有可能產生的負債。企業所有的應收票據，在未到期以前尚需資金周轉時，可以向銀行貼現，經過背書(背面簽字)轉讓別人，或嚮往來銀行申請借款。經過背書的票據，如果出票人或付款人到期不能兌付，背書人負有連帶的付款責任。

《國際會計準則第37號-準備、或有負債和或有資產》 - Mba智库百科

《國際會計準則第37號-準備、或有負債和或有資產》（1998年06月）英文名=IAS 37-Provisions, Contingent Liabilities and Contingent Assets首次生效時間=1999年7月1日最新修訂時間=1998年06月修訂歷史=

Ias 37負債準備、或有負債及或有資產【公報釋讀】,月旦會計實務研究,月旦會計網

國際會計準則下最能說明會計上穩健原則的代表，即為IAS 37負債準備、或有負債及或有資產，本文透過會計原則穩健性原則對此三者做詳細介紹，其中負債準備係為實務及考試上較常出現的議題，本文延伸探討有關負債準備之虧損性合約、重組成本負債準備及退 ...

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PDF 《金融機構(處置機制)條例》 Financial Institutions (Resolution) Ordinance

liabilities (法律責任、負債、債務) means any liabilities, duties or obligations (whether present or future, vested or contingent or 2 or class 3 securities; (持牌法團) has the meaning given by section 1 of Part 1 of Schedule 1 to the Securities and Futures Ordinance (Cap. 571); loss-absorbing capacity requirement rule