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Presentation issues of contingent liabilities in financial statement

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dc.contributor.author Khorava, Anzheli
dc.date.accessioned 2019-11-25T12:11:57Z
dc.date.available 2019-11-25T12:11:57Z
dc.date.issued 2019
dc.identifier.citation The 4th International Scientific Conference: "Challenges of Globalization in Economics and Business", Tbilisi, 2019, pp. 495-498 en_US
dc.identifier.isbn 978-9941-13-890-4
dc.identifier.uri http://dspace.tsu.ge/xmlui/handle/123456789/570
dc.description 1. ფინანსური ანგარიშგების კონცეპტუალური საფუძვლები. IFRS Foundadion 2018 https//saras.gov.- ge/ka/ifrs/pdf/80 2. ბასს 37 ანარიცხები, პირობითი ვალდებულებები, პირობითი აქტივები IFRS Foundadion 2018 https//saras.gov.ge/ka/ifrs/pdf/15 3.https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/635939/c ontingent_liability_approval_framework_guidance.pdf/19 4. ბასს 1 ფინანსური ანგარიშგების წარდგენა.IFRS Foundadion 2018.https// saras.gov.ge/ka/ifs/pdf/32 5. IAS 37 Provisions, Contingent Liabilities and Contingent Assets/1 6. https://www.pkf.com/media/10033179/ias-37-provisions-contingent-liabilities-and-contingent assets-summary/5 en_US
dc.description.abstract Definition of recognition criteria and valuation issue for assets, liabilities, income and expenses, is presumed to result in financial statements that achieve a fair presentation. Presentation of liabilities is based on recognition, due dates and valuation opportunities. Events, resulting recognition of contingent liabilities are frequent in modern economies. Recognition and presentation in financial statement depends on different nature of current liabilities, contingent liabilities and requires special judgment. To ensure fair presentation of financial statement, it is crucial to apply appropriate recognition criteria measurement bases. The study was conducted based on IFRIC (International Financial Reporting Interpretations Committee) interpretations, issued after approval of IASB (International Accounting Standards Board), and Conceptual Framework for Financial Statements. en_US
dc.language.iso ge en_US
dc.publisher Ivane Javakhishvili Tbilisi State University Press en_US
dc.subject Legal obligation; Constructive obligation, Contingent liability, Provision, Contingent asset en_US
dc.title Presentation issues of contingent liabilities in financial statement en_US
dc.type Article en_US

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