| Accounting for contingencies is one important part of uncertainty accounting,contingencies widespread exist in enterprises,as a special economic event,with developments of economic,financial relations is complex,the contents of contingencies unceasing extend,contingencies plays a more and more important role in financial accounting information and operation policy．Because theoretical and practical research of contingencies is late,special data is little,few pay a~ention to treatment of contingencies．New accounting law points out that enterprises must explain contingencies arising from guarantees provided for the debit of other enterprises and pending litigation．This is the first time that the law requests accounting treatment of contingencies．Accounting Standard for Business Enterprises: Contingencies prescribes the recognition and measurement of contingencies and the disclosure of relevant information,the standard is the first standard of contingencies, improves the accounting treatment for contingencies and the disclosure of relevant information．The standard will help US improve the quality of information disclosure．The article is divided into five parts tO discuss．The first part is a generalintroduction of contingencies,including the history,the classification,the frameworkand SO on,all of which would help readers understand the basic concepts in the article．The second part introduces recognition of contingencies,including recognitioncondition and accounting of some contingencies etc．The third part introducesmeasurement of contingencies,including measurement principle and selection ofmeasurement attributes．The forth part introduces disclosure of contingencies,including disclosure of contingent asset,contingent liability etc．The fifth part selects some enterprises financial report to analyse,points out some problems of contingent disclosure,gives some suggestions about disclosure Of contingencies．... |
