In accounting, contingencies are events that take place in the current accounting period, but are not resolved until later. This requires small business owner to estimate the outcome of these events ...

The Financial Accounting Standards Board has decided to discontinue its loss contingencies disclosure project after it met with nearly unanimous opposition in the comment letters received by the board ...

The Financial Accounting Standards Board took up the controversial question of disclosure requirements for loss contingencies at its latest meeting and decided that companies need to make more ...

This is a preview. Log in through your library . Journal Information The Accounting Review is the premier journal for publishing articles reporting the results of accounting research and explaining ...

The Difference Between Principles & Rules Based Accounting Standards. Unethical accounting practices enabled companies like Enron and WorldCom to bilk investors out of huge sums of money. In... GAAP ...