Search results with tag "Topic 450"
Proposed ASU Contingencies Topic 450 Disclosure of …
asc.fasb.orgContingencies (Topic 450) Disclosure of Certain Loss Contingencies This Exposure Draft of a proposed Accounting Standards Update of Topic 450 is issued by the Board for public comment. Written comments should be addressed to: Technical Director File Reference No. 1840-100 Proposed Accounting Standards Update Issued: July 20, 2010
Accounting for Litigation Contingencies
www.skadden.comTopic 450 (ASC 450), titled “Contingencies” (formerly Financial Accounting Standards No. 5, “Accounting for Contingencies”), the preparation of fi nancial statements under principles of accrual accounting requires companies to make many judgments about contingent liabilities, including ones arising from pending or anticipated litiga-
Presentation of Financial Statements— Going Concern ...
www.fasb.orgTopic 450, Contingencies. When management identifies conditions or events that raise substantial doubt about an entity’s ability to continue as a going concern, management should consider whether its plans that are intended to mitigate those relevant conditions or events will alleviate the substantial doubt. The mitigating effect of