Provisions, Contingent Liabilities and Contingent Assets (IAS 37) (On-Demand) 2019

Description

The purpose of this course is to familiarize you with the objective of IAS 37 to ensure that appropriate recognition criteria and measurement bases are applied to provisions, contingent liabilities and contingent assets and that sufficient information is disclosed in the notes to the financial statements to enable users to understand their nature, timing and amount.

Learning Objectives

▪ Identify the existence of a provision, contingent liability and contingent asset.
▪ Determine when to recognize a provision and how to measure it.
▪ Determine when a contingent item should be disclosed.

Major Topics
  • Scope and scope exceptions of the standard.
  • Recognition criteria and measurement bases.
  • Disclosure requirements
Provider
AICPA
Course Level
Basic
CPE Field of Study
Accounting
1
Who Should Attend
Accounting and finance professionals who work for private or public multinational organizations whose parent entity or subsidiaries have adopted IFRS
Accountants in public practice who provide audit or assurance services to private or public multinational organizations that have adopted IFRS
Prerequisites

None.

Advanced Preparation

None.

Purchase Now
When
Available 24/7
Location
Online
Total CPE Credits
1
Format
On-Demand

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Provisions, Contingent Liabilities and Contingent Assets (IAS 37) (On-Demand) 2019


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