TWX » Topics » Use of Estimates

This excerpt taken from the TWX 10-K filed Feb 19, 2010.
Use of Estimates
 
The preparation of financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates, judgments and assumptions that affect the amounts reported in the consolidated financial statements and footnotes thereto. Actual results could differ from those estimates.
 
Significant estimates inherent in the preparation of the consolidated financial statements include accounting for asset impairments, allowances for doubtful accounts, depreciation and amortization, film ultimate revenues, home video and magazine returns, business combinations, pension and other postretirement benefits, equity-based compensation, income taxes, contingencies, litigation matters and certain programming arrangements.
 
These excerpts taken from the TWX 10-K filed Feb 20, 2009.
Use of Estimates
 
The preparation of financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates, judgments and assumptions that affect the amounts reported in the consolidated financial statements and footnotes thereto. Actual results could differ from those estimates.
 
Significant estimates inherent in the preparation of the consolidated financial statements include reserves established for accounting for asset impairments, allowances for doubtful accounts, depreciation and amortization, film ultimate revenues, home video and magazine returns, business combinations, pension and other postretirement benefits, equity-based compensation, income taxes, contingencies, litigation matters and certain programming arrangements.


138


Table of Contents

 
TIME WARNER INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)
 
Use of
Estimates



 



The preparation of financial statements in conformity with
U.S. generally accepted accounting principles
(“GAAP”) requires management to make estimates,
judgments and assumptions that affect the amounts reported in
the consolidated financial statements and footnotes thereto.
Actual results could differ from those estimates.


 



Significant estimates inherent in the preparation of the
consolidated financial statements include reserves established
for accounting for asset impairments, allowances for doubtful
accounts, depreciation and amortization, film ultimate revenues,
home video and magazine returns, business combinations, pension
and other postretirement benefits, equity-based compensation,
income taxes, contingencies, litigation matters and certain
programming arrangements.





138





Table of Contents





 




TIME
WARNER INC.

NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS – (Continued)


 




These excerpts taken from the TWX 10-K filed Feb 22, 2008.
Use of Estimates
 
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and footnotes thereto. Actual results could differ from those estimates.
 
Significant estimates inherent in the preparation of the consolidated financial statements include reserves established for securities litigation matters, accounting for asset impairments, allowances for doubtful accounts, depreciation and amortization, film ultimate revenues, home video and magazine returns, business combinations, pensions and other postretirement benefits, equity-based compensation, income taxes, contingencies and certain programming arrangements.
 
Use of
Estimates



 



The preparation of financial statements in conformity with GAAP
requires management to make estimates and assumptions that
affect the amounts reported in the consolidated financial
statements and footnotes thereto. Actual results could differ
from those estimates.


 



Significant estimates inherent in the preparation of the
consolidated financial statements include reserves established
for securities litigation matters, accounting for asset
impairments, allowances for doubtful accounts, depreciation and
amortization, film ultimate revenues, home video and magazine
returns, business combinations, pensions and other
postretirement benefits, equity-based compensation, income
taxes, contingencies and certain programming arrangements.


 




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