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General Accounting Discussions: Accounting terminology

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  1.  
    • CommentAuthorgguerzon
    • CommentTimeApr 16th 2007
     
    I have an assignment question on Accounting terminology.

    What is the Accounting term for "Events that depend upon future outcomes".

    Any help is greatly appreciated.

    Thanks
    Thankful People: lido
  2.  
    You mean like advertisement expenses? it already answered .
    • CommentAuthorCounter
    • CommentTimeApr 23rd 2007
     
    Perhaps CONTINGENCIES.
    • CommentAuthorabril
    • CommentTimeMay 1st 2007
     
    yes, that's definitely contingencies. advertisement expense doesnt depend on future outcomes.
    • CommentAuthorAbusamak
    • CommentTimeMay 1st 2007
     
    hello,
    here you have two point :
    first: if it consider as revenue it will treatement as revenue recognation(contactual or point of sale)

    second: if it consider as expenses it will treatement as contingencies

    good luck
    • CommentAuthoraakbar
    • CommentTimeMay 7th 2007
     
    what u mean be "events" here, can u say some examples

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