Buffer and Contingency: Difference between pages
From ACT Wiki
(Difference between pages)
imported>Doug Williamson (Correct typo 'minimum'.) |
imported>Doug Williamson (Add link.) |
||
| Line 1: | Line 1: | ||
1. '' | 1. ''Financial reporting - business planning.'' | ||
Broadly, any uncertain future event. | |||
2. | 2. ''Financial reporting - IAS 37.'' | ||
For financial reporting purposes, IAS 37 defines a contingent liability by reference to the occurrence - or non-occurrence - of uncertain events not wholly within the control of the entity. | |||
IAS 37 defines a contingent asset in a similar way. | |||
== See also == | |||
* [[ | 3. ''Business planning.'' | ||
* [[ | |||
* [[ | An uncertain future event. | ||
* [[ | |||
* [[ | Usually - but not always - one that is expected to have a negative impact if it were to occur. | ||
* [[ | |||
* [[ | |||
* [[ | 4. ''Financial management.'' | ||
An amount of money set aside to deal with the potential negative impact of an uncertain future event. | |||
==See also== | |||
*[[Business contingency management]] | |||
*[[Business continuity plan]] | |||
* [[Contingency plan]] | |||
* [[Contingent]] | |||
* [[Contingent assets]] | |||
* [[Contingent capital]] | |||
* [[Contingent convertible capital]] | |||
* [[Contingent covenant]] | |||
* [[Contingent item]] | |||
* [[Contingent liabilities]] | |||
* [[Contingent risk]] | |||
* [[Contingent Term Repo Facility]] (CTRF) | |||
* [[Deal contingent forward]] | |||
* [[Financial reporting]] | |||
* [[IAS 37]] | |||
* [[Reserves]] | * [[Reserves]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
[[Category:Identify_and_assess_risks]] | |||
[[Category:Manage_risks]] | |||
Latest revision as of 19:36, 12 June 2023
1. Financial reporting - business planning.
Broadly, any uncertain future event.
2. Financial reporting - IAS 37.
For financial reporting purposes, IAS 37 defines a contingent liability by reference to the occurrence - or non-occurrence - of uncertain events not wholly within the control of the entity.
IAS 37 defines a contingent asset in a similar way.
3. Business planning.
An uncertain future event.
Usually - but not always - one that is expected to have a negative impact if it were to occur.
4. Financial management.
An amount of money set aside to deal with the potential negative impact of an uncertain future event.
See also
- Business contingency management
- Business continuity plan
- Contingency plan
- Contingent
- Contingent assets
- Contingent capital
- Contingent convertible capital
- Contingent covenant
- Contingent item
- Contingent liabilities
- Contingent risk
- Contingent Term Repo Facility (CTRF)
- Deal contingent forward
- Financial reporting
- IAS 37
- Reserves
