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What is the important of contingent liabilities and commitment?
Knowledge of both contingencies and commitments is extremely important to users of financial statements because they represent the encumbrance of potentially material amounts of resources during future periods, and thus affect the future cash flows available to creditors and investors. Because of this, generally accepted accounting principles require that material contingencies and commitments be disclosed. The auditor has an obligation to discover the existence of such items to assure that they are properly disclosed in order to have complied with generally accepted auditing standards.
When was The Commitments created?
The Commitments was created in 1987.
What is the duration of No Commitments?
The duration of No Commitments is 1800.0 seconds.
How many pages does The Commitments have?
The Commitments has 144 pages.
How do you spell commitments?
That is the correct spelling of "commitments" (obligations).
When was Commitments created?
Commitments was created on 2001-05-04.
When did No Commitments end?
No Commitments ended on 2007-05-16.
When was No Commitments created?
No Commitments was created on 1992-01-09.
What is the duration of The Commitments film?
The duration of The Commitments - film - is 1.97 hours.
When was The Commitments - film - created?
The Commitments - film - was created on 1992-03-17.
What does it mean to have realistic plans for contingencies?
that you are well prepared
What are value commitments?
Value commitments are commitments that are made by people who want to extend the value of their research to better others. These people are often referred to as social scientists.
