Musa Garba Gulani

Effect of Person-Related Factors on the Recognition of Contingent Liability in Nigerian Listed Companies

Musa Garba Gulani, Ahmed Modu Kumshe & Ahmad Imam · Asian Journal of Economics, Business and Accounting · 2016

International Accounting Standard (IAS) 37 requires Accountants to assign a percentage probability to the expression ‘probable’ when recognizing contingent liability in Financial Statements. A probability of 50% and above qualifies the contingent liability to be recognized; while...