Learn to report contingent liabilities under GAAP. Understand probability categories—probable, possible, remote—and how to ...

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 ...

TORONTO — The use of accrued liabilities to pad earnings was a “legitimate” and standard practice at Nortel Networks Corp. in the early 2000s, and a process directly overseen by the company’s external ...

Accrued Expense: is an expense that has been incurred or recognized on the books but not yet billed and paid. Accountants record accrued expenses on the period during which it is incurred, not when it ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Workers are usually keen to take holidays. Not in 2020. Many employees have accrued large blocks of leave. Some ...