A contingent liability is a potential cost a company may or may not incur in the future. A contingent liability could be a guarantee on a debt to another entity, a lawsuit, a government probe, or even ...

Accruing a likely contingent liability is part of responsible earnings management. Although you aren't likely to find the term "earnings management" in an accounting dictionary, the American Institute ...

Investors usually do not lose sleep over contingent liabilities mentioned in balance sheets of financial entities, as they are unavoidable in the regular course of business. A contingent liability (CL ...

Contingent liabilities were the sacred item three years ago and it is only recently that they have become public when they were published first time in an official document, the Economic Survey of ...

Information technology services major Tata Consultancy Services has reported a sharp rise in contingent liabilities because of tax demands. The figure more than doubled to Rs 8,148 crore (Rs 81.48 ...