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The Treasurer’s Wiki aims to share knowledge and experience across the treasury community. We hope you will use it as a platform to share knowledge and provide useful tools to other likeminded people.

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All pages

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(B)/W	to	Annual Investment Allowance
Annual adjustment	to	Belt and Road
Belt and Road country	to	COFACE
COGS	to	Collateralized to market
Collecting bank	to	Crowdfunding
Crypto-assets	to	Distributing
Distribution costs	to	Etailer
Etailing	to	Fat tail
Favourable	to	GFHF
GFMA	to	ICSD
ICT	to	International fund
International law	to	Long
Long-Term Refinancing Operation	to	Multibanked
Multicurrency account	to	Open contract netting
Open economy	to	Personal service company
Personnel control	to	RONIA
RORWA	to	S2P
SA	to	Society for Worldwide Interbank Financial Telecommunications
Société d’Investissement à Capital Variable	to	Tax haven
Tax inversion	to	Uniform Rules for Forfaiting
Unincorporated	to	Zero rated

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Random article

Contingent assets

Financial accounting.

Contingent assets are defined as possible assets that arise from past events and whose existence will be confirmed only by the occurrence of one or more uncertain events not wholly within the reporting entity’s control.

The generally accepted accounting treatment for contingent assets is that a contingent asset should not be recognised, because it could result in the recognition of profit that may never be realised.

Where the inflow of economic benefits is probable the entity should disclose a brief description of the contingent asset and an indication of its financial effect.

If there is only the possibility of an asset arising no mention at all should be made in the accounts.

Relevant accounting standards include Section 21 of FRS 102 and IAS 37.

See also

• Contingent liabilities
• FRS 102
• IAS 37
• Realisation

New articles

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• GCF ( Doug Williamson ) - [ 19:53, 19 April 2019 ]
• UNFCC ( Doug Williamson ) - [ 19:39, 19 April 2019 ]
• TPP11 ( Doug Williamson ) - [ 19:29, 19 April 2019 ]
• Hybrid cloud ( Doug Williamson ) - [ 19:00, 19 April 2019 ]
• Public cloud ( Doug Williamson ) - [ 18:43, 19 April 2019 ]

Updated articles

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• Commerce Clearing House ( Doug Williamson ) - [ 19:24, 19 April 2019 ]
• Long-dated swap ( Doug Williamson ) - [ 19:04, 19 April 2019 ]
• International money market ( Doug Williamson ) - [ 19:04, 19 April 2019 ]
• ICTA ( Doug Williamson ) - [ 19:03, 19 April 2019 ]
• International payment instruction ( Doug Williamson ) - [ 19:00, 19 April 2019 ]