Ad
related to: asc 450 reasonably possible conditions- Building Your ASC Vision
Products & Technologies Available
From Pre to Post Operative Care.
- Operational Support
Solutions Designed To Help DePuy
Synthes Serve You And Your Patients
- Economic Value
Discover A Variety Of Programs
Available To Address Your Needs.
- Clinical Excellence
DePuy Synthes Offers A Selection Of
Clinical Solutions For Better Care.
- Building Your ASC Vision
Search results
Results From The WOW.Com Content Network
A footnote to the balance sheet may describe the nature and extent of the contingent liabilities. The likelihood of loss is described as probable, reasonably possible, or remote. The ability to estimate a loss is described as known, reasonably estimable, or not reasonably estimable. It may or may not occur.
FIN 48 (mostly codified at ASC 740-10) is an official interpretation of United States accounting rules that requires businesses to analyze and disclose income tax risks. It was effective in 2007 for publicly traded entities, and is now effective for all entities adhering to US GAAP.
Some of the general challenges that financial institutions face with regards to the ALLL estimation include the manual, time-intensive nature of the reserve estimation process each month or quarter; producing adequate documentation and disclosures; incorporating new accounting standards and regulations released by FASB and federal regulatory bodies, and increased scrutiny on the assumptions ...
The distinction between sales-type and direct financing leases has changed: whereas in ASC 840 the test was whether the fair value of the leased asset was different from the lessor's cost or carrying amount (if so, the lease is a sales-type lease), in ASC 842, any lessor lease that meets the lessee finance lease tests (based on rents and ...
The reasonably probable and legal use of vacant land or an improved property that is physically possible, appropriately supported, financially feasible, and that results in the highest value. The four criteria the highest and best use must meet are legal permissibility, physical possibility, financial feasibility, and maximum productivity.
"Reasonably possible: The chance of the future event or events occurring is more than remote but less than likely." "Remote: The chance of the future event or events occurring is slight." [12] Judgment is typically the best guide for selecting the most important controls relative to a particular risk for testing.
Returns: companies which cannot reasonably estimate the amount of future returns and/or have extremely high rates of returns should recognize revenues only when the right to return expires. Those companies that can estimate the number of future returns and have a relatively small return rate can recognize revenues at the point of sale, but must ...
In some cases specific standards add additional conditions before recognition is possible or prohibit recognition altogether. An example is the recognition of internally generated brands, mastheads, publishing titles, customer lists and items similar in substance, for which recognition is prohibited by IAS 38. [21]
Ad
related to: asc 450 reasonably possible conditions