Learn how general provisions function as financial safeguards, set aside by companies to cover potential future losses, and ...

When parties enter into a retail lease, a line from the movie “Casablanca” might come to mind: “I think this is the beginning of a beautiful friendship.” Ideally, every lease strikes a reasonable ...

Increases in material costs due to tariffs are forcing residential and commercial construction firms to rethink their contracts and add in provisions and contingencies to reduce potential risks. The U ...

Hawkins, David F. "Moving toward Three New International Accounting Standards: Employee Benefits, Discontinued Operations, and Provisions and Contingencies." Accounting Bulletin, no. 45 (January 1997) ...