Explain how the provision for environmental liabilities may be recognised in the financial statement?

Question added by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER
Date Posted: 2016/01/28

Upvote (1) Views (8) Followers (3) Answers (2) Report Question

by Ramsey Villanueva , Planning and Control – Cost Analyst , Fine Hygienic Holding

Depending in the circumstances, if it is probable, recognize immediately as debt presented in face of the financial statement.

by Jacinta Jaen de Gonzalez , Accounting Manager , Tova,S.A

I consider it a debt to pay for potential environmental damage occurring product of the activity

What is the responsibility of Mistakes in Financial Statements ?
Top Answer: Thanks for the invitation, Accounts department is responsible for mistakes in the financial statements an ... See More

Answers (18)
Which of the following statements is correct regarding a review engagement of a nonpublic company's financial statements performed in accordance with the Statements on Standards for Accounting and Review Services (SSARS)?
Top Answer: 3) the review engagement is a negative assurance, limited assurance. See More

Answers (11)
Financial statement users?
Top Answer: <p><span>Stock exchanges need financial statements to set a firm's stock price. </span> ... See More

Answers (15)
What is financial statement?
Top Answer: <p>Financial statements are written records of a business's financial situation. They include stand ... See More

Answers (10)

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.