Programme Overview
IAS 37 draws the line between a provision that must be booked, a contingent liability that only gets disclosed, and a contingent asset that's usually left out entirely. This programme covers the recognition test and how to measure what qualifies.
Why This Programme
- ✓Tell the difference between a provision and a contingent liability
- ✓Apply the three-part recognition test for a provision
- ✓Measure a provision under uncertainty
- ✓Handle contingent assets correctly
- ✓Avoid the common over- and under-provisioning mistakes
- ✓Meet the disclosure requirements confidently
Assessment
- ✓Recognition Test Exercise
- ✓Measurement Case Study
- ✓Disclosure Workshop
- ✓Final Review
Main Modules
- Provisions vs Contingencies
Telling a provision, a contingent liability and a contingent asset apart - Recognition Criteria
The three-part test that decides whether a provision gets booked - Measuring a Provision
Best estimate, risk and uncertainty, discounting where it applies - Disclosure Requirements
What has to be disclosed, and what can stay out
Ready to Enrol?
Access the Virtual Learning Centre to register, or reach out and our team will get you started.