User Account

All Pages

Reporting requirements for contingent liabilities

Assignment Help Accounting Basics
Reference no: EM13881342

1.Reporting requirements for contingent liabilities under IFRS differ somewhat from those under U.S. GAAP.

Required:
For each of the following, access the online version of the indicated financial report and answer the question. Also compare reporting under IFRS to similar reporting under U.S. GAAP.
1. SUBSEA 7 S.A. (Form 20-F, filed 3/2/2011): When there is a continuous range of possible outcomes, with each point in the range as likely as any other, what amount is accrued as the estimate of the obligation?
2. B Communications LTD (Form 20-F, filed 6/30/2011): With respect to legal claims, at what probability level would B Communications accrue a liability for a possible litigation loss?
3. Nestle (form 20-F, Filed 7/20/2011): What measurement attribute (e.g., historical cost, fair value) is used to measure contingent liabilities acquired in a business combination?

Reference no: EM13881342

Questions Cloud

Which are the endogenous variables in the model : To study the relationship between in?ation and yield on common stock, Bruno Oudet‡ used the following model: Rbt = α1 + α2 Rst + α3 Rbt-1 + α4 Lt + α5 Yt + α6 NIS t + α7 It + u1t Rst = β1 + β2 Rbt + β3 Rbt-1 + β4 Lt + β5 Yt + β6 NIS t + β7 Et + ..
Mark each item in the following list with a letter : The Coca-Cola Company is one of the world's leading manufacturers, marketers, and distributors of nonalcoholic beverage concentrates and syrups, producing more than 500 beverage brands. Mark each item in the following list with a letter to indicate w..
Make a project on developing an online gift store : Make a project on developing an online gift store for gift item selling by using PHP({[P]ersonaL [H]ome [P]age} Hypertext Preprocessor). The system should be  an online application that can be accessed through the web.
Which of the following is not a function of the warehouse : The definition of a warehouse is "a planned space for the storage and handling of goods and materials". Which of the following is not a function of the warehouse
Reporting requirements for contingent liabilities : 1.Reporting requirements for contingent liabilities under IFRS differ somewhat from those under U.S. GAAP.
Description of a real-life example of a specific corporation : Description of a real-life example of a specific corporation acting in a socially responsible manner
Estimate the number of reports the professor : Assume that an average report is the thickness of about 10 sheets of printer paper and use a single dimensional equation to estimate the number of reports the professor would have had to grade for her claim to be valid.
Obtain the reduced form : A simplified version of Suits' model of the watermelon market is as follows*-Demand equation: Pt = α0 + α1 (Qt /Nt ) + α2 (Yt /Nt ) + α3 Ft + u1t ,Crop supply function: Qt = β0 + β1 ( Pt / Wt ) + β2 Pt-1 + β3 Ct-1 + β4 Tt-1 + u2t - Ob..
Determine the fluid of unknown density : A fluid of unknown density is used in two manometers-one sealed-end, the other across an orifice in a water pipeline. The readings shown here are obtained on a day when barometric pressure is 756mm Hg. What is the pressure drop (mm Hg) from point ..

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd