IFRS: Liabilities, Provisions and Contingencies (IAS 37)

Financial accounting & reporting

Course

IFRS: Liabilities, Provisions and Contingencies (IAS 37)

Instructor: AICPA Professional Development Staff

  • Format

    Course - Online

  • Level

    Basic

  • Duration

    2 hours

Learn about the primary objectives of IAS 37 to ensure that appropriate recognition criteria and measurement bases are applied to provisions, contingent liabilities and contingent assets.

Learning outcomes

  • Learning outcomes: Identify the existence of a provision, contingent liability and contingent asset
  • Determine when to recognise a provision and how to measure it
  • Determine when a contingent item should be disclosed

£39.00 (CIMA members only)

£49.00

VAT calculated on checkout

Product information

Overview

The purpose of this course is to familiarise 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.

The key principle established by IAS 37 is that a provision should be recognised only when there is a liability (i.e., a present obligation resulting from past events).

Who should take this course?

  • Accounting and finance professionals who perform audits or prepare financial reports and work in the following areas: Multinational organisations
  • US-based subsidiaries of foreign parent corporations
  • US-based parent companies with international subsidiaries that have adopted IFRS
  • Public companies
  • Large private companies
  • Public practice who serve private, public or international companies with audit, preparation, or advisory service

Professional development

This Course - Online offers 2 hours of CPE credit.
Note on CPE Requirements and Credits
All learning resources available in the CGMA Store qualify for CPD for CIMA members.

Field of study: Accounting
Prerequisites:Familiarity with financial reporting and accounting principles under IFRS
Programme level:Basic
Duration:2 hours
Format:Course - Online
Access:This is a digital product. You will have access to the content for a year after purchase date.

Return and refund policy

£39.00 (CIMA members only)

£49.00

VAT calculated on checkout

Instructor

  • AICPA Professional Development Staff