Question

both question have to be on tesla 10-k filing of 2019 the filing can be found on sec site i cannot add any links in chegg

1. Liabilities and Contingencies: Can they be estimated? Are they probable to occur? What did you learn about estimated liabilities and contingencies from the note disclosures in the SEC filing? How may these items impact profitability and other cost accounting-related topics for your manufacturing company? question have to be on tesla 10-k filing of 2019

2. Does management disclose any information about Corporate Social Responsibility (CSR) and Sustainability policies? How would this emerging framework impact on cost and profitability for your corporation? (NOTE: Some large multinational corporations maintain a separate CSR and/or Sustainability website.) question have to be on tesla 10-k filing of 2019

Answer 1

1. Liabilities and Contingencies:

Yes, these can be estimated based on the existing litigation amounts, past trends, etc. No, these are not probable, they are possible events to be occurred. If they are probable, a provision should be created in the books. They are disclosing about the litigations in the contingencies. These contingencies won't impact the profitability or other cost accounting related topics. These are disclosed just to fully disclose the possible future circumstances of the company.

2. Yes, the management disclose the information about Corporate Social Responsibility (CSR) and Sustainability policies. These will be a charge in the Statement of Profit and Loss but based on the efforts the companies put on CSR and Sustainability, public trust will be increased.