Contingent liabilities or hidden liabilities? A review of disclosures | Zendy

Stanisław Hońko | Zendy

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Contingent liabilities or hidden liabilities? A review of disclosures

Author(s) -

Stanisław Hońko

Publication year - 2016

Publication title -

zeszyty teoretyczne rachunkowości

Language(s) - English

Resource type - Journals

eISSN - 2391-677X

pISSN - 1641-4381

DOI - 10.5604/16414381.1207433

Subject(s) - materiality (auditing) , contingent liability , current liability , equivalence (formal languages) , accounting , actuarial science , business , economics , finance , mathematics , debt , working capital , philosophy , discrete mathematics , aesthetics

This article aims to analyze information on contingent liabilities in the financial statements of selected listed companies. It forms part of the discussion on the principle of materiality, which recommends equivalence of the numerical part and notes to the financial statements. The study shows that the achievement of this equivalence is difficult, if at all possible. Contingent liabilities are not a popular research area. It is possible that this article may contribute to filling this gap

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