Question

both question have to be on tesla 10-k filing of 2019

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?

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.)

Answer 1

Situations	Explanation
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?	Liabilities and contingencies shown a very thin line of difference of estimate reliability of measurement. Although both depends upon past events. Liabilities are obligations which need to be paid off or settled. Whereas contingencies are dependent upon past event act, but where the economic benefit will outflow but how much that is not determinable reliably or reasonable will take the structure of contingent. Where as estimated liabilities take the moulding of provision those past events, ehcih lead to outflow of economic benefit and whcih can be measured reliably or estimation is approximate is called estimated liability or provision. Estimated liability will lower down the profit of the company , where as contingencies first shown in footnotes and when it can be estimated reliablit sam eshall be impact the profitability and shown in books of accounts.
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?	Yes, the Applicability of CSR cause it to show the activities undertaken uder CSR, CSR policy undertaken , expensditure made during the period, reason for not undertaking such activity etc. It will give the overviwe of the organisatinal responsibilty towards its society. whether these blue chips company are doing that thing or not. It keeps an eye over such activity. Director report compromise the reason for non achevieng CSR activity during the period. Auditor also report over the same.