Conservatism – itho's internet resources

Accounting Conservatism: Definition, Advantages & Disadvantages

By Itho April 29, 2008

[ad_1] What Is Accounting Conservatism? Accounting conservatism is a set of bookkeeping guidelines that call for a high degree of verification before a company can make a legal claim to…

Bad Debt Expense Definition and Methods for Estimating

By Itho April 29, 2008

[ad_1] What Is a Bad Debt Expense? A bad debt expense is recognized when a receivable is no longer collectible because a customer is unable to fulfill their obligation to…

Default Risk: Definition, Types, and Ways to Measure

By Itho November 24, 2003

[ad_1] What Is Default Risk? Default risk is the risk a lender takes that a borrower will not make the required payments on a debt obligation, such as a…

Contingent Asset: Overview and Consideration

By Itho November 20, 2003

[ad_1] What Is a Contingent Asset? A contingent asset is a potential economic benefit that is dependent on some future event(s) largely out of a company’s control. A contingent asset…