ADMN 3321H Lecture Notes - Lecture 2: Contingent Liability, Bell Canada, Promissory Note
30 Mar 2020
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Document Summary
If it is more probable or not that you can make some determination of the outcome (measurement/estimate) then you recognize it in the financial statement set on balance sheet as a liability: called a provision. Aspe: contingent liability, whether you have recognized it or not. Bell canada report disclosure requirements (posted on bb) note 28. Bonds and notes payable: multiple types/variations, multiple currencies, limited market, not as liquid as equity market, book-based system, credit ratings. Mortgages (land and building provide security: usually issued for multiple years. Pensions and other employee obligations chapter 19: long term liability involves a lot of calculations. Huge infrastructure will go to the bond market to raise money. When bond is issued, it has a face value. Market for selling bonds, but not as liquid as the stock market. If held to maturity, you will get face value back: will work out with investment bankers.
