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Welcome to the Treasurer's Wiki

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.

The Association of Corporate Treasurers (ACT) sets the benchmark for international treasury excellence. As the Chartered body for treasury, we lead the profession by delivering our internationally recognised suite of treasury qualifications, by defining standards and by championing continuing professional development. We are the authentic voice of the treasury profession representing the interests of the real economy and educating, supporting and leading the treasurers of today and tomorrow.

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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

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.


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