Examlex
Business writers generally place the topic sentence first in a paragraph.
AASB 137
The Australian Accounting Standards Board standard that specifies the accounting for provisions, contingent liabilities, and contingent assets.
Deferred Liability
A deferred liability is a financial obligation that a company owes and is recorded on its balance sheet to be settled in a future period.
Uncertain Future Events
Events whose occurrence and impact cannot be predicted with certainty, often requiring risk management and contingency planning.
Contingent Liability
A possible obligation that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the entity.
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