Learn what an onerous contract is, regulations for reporting them, and examples. Explore how IFRS and GAAP differ in handling these unfavorable contracts.

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. Liabilities are a fact of life for a business owner.

Sales tax liabilities are funds collected from customers to be distributed to state and local tax agencies by businesses. Business owners and companies track sales tax liabilities on a sales tax ...

Goulston & Storrs M&A attorney Dan Avery is a nationally recognized expert on M&A deal point trends. In partnership with Bloomberg Law, Dan has developed a series of 25 articles looking at these ...

Nigeria’s upstream regulator NUPRC has cleared 94 oilfield decommissioning and abandonment plans worth $4.42bn since April ...

Key Takeaways You measure net worth by subtracting liabilities from assets.You can compare your net worth with your peers once you know your net worth.You don’t need a big income to achieve a good net ...

In the US, we have two national programs to care for the elderly. Social Security provides a small pension, and Medicare covers medical expenses. All workers pay taxes that supposedly fund the ...

California and Illinois are the largest contributors to an expected $1.3 trillion in unfunded pension liabilities for the 50 states in fiscal 2023, according to a Reason Foundation study. California's ...

Editor’s note: This is the first article in a monthly step-by-step guide for getting your financial house in order. Yes, it’s a daunting process, but we’re breaking it down into manageable steps that ...