Discuss a provision and a contingent liability are the same

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Assignment - Advanced Financial Accounting

1. 'Classification of liabilities is based on the same principles as the classification of assets.' Do you agree with this? Why or why not?

2. 'Classification of liabilities as current or non-current is not that important. The money is paid out eventually anyway, so what's the big deal? Discuss.

3. 'A provision and a contingent liability are the same.' Discuss.

4. "Employees often fail to appreciate the true cost of their employment". Discuss.

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This assignment contains solution for the proper classification of liabilities . The liabilities are classified on the basis of nature and time. The provision and contingent liability are different and the provisions are shown in balance sheet whereas contingent liability is shown in footnotes. The employees also need to know the real income that they earn from employment

Reference no: EM132121738

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Reviews

urv2121738

10/30/2018 8:49:38 PM

Hi thanks for your reply. i just want to get confirmed whether, you noted that the subject i entered was not correct. this assignment belongs to Advanced Finance management. please confirm me whether you noted that and corrected. Please note that these assignments require answers based on Australian Financial accounting. Many thanks! Hi Thanks for this, many points especially, the answers to question 1, have sufficient references. further, most references are from blogs and not from books. I got an extension for submission by 4th of next month. Also, the writer uses the perfect conjunction in almost every sentence. I mentioned, I want a post-grad level quality answer and that's what I got. this assignment answer is very exquisite and language style is also very good. Thanks in advance.I am grateful to you to clear my doubts about plagiarism and all. And I am really happy that I know my assignment is plagiarism free. What I need more. Quality is also very good. thanks you.

len2121738

9/25/2018 12:19:46 AM

This assignment is 40 marks in total (40% of the course). Each question is worth 10 mark. Word limit: 2000 words. Instructions: Students are required to cover all stated requirements. Your answer must be uploaded to Moodle in word file with your full name and student ID number. You need to support your answers with appropriate Harvard style references where necessary. Only include information in your appendixes that has been directly referred to in the body of your document. I’m expecting a quality assignment which i can get a higher grade (80%). Thanks!

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