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IFRS: Liabilities, Provisions and Contingencies (IAS 37) Logo cgma

  AICPA Professional Development Staff |   £39.00 - 49.00 |   2018 |   02:00 h |   CGMA Store

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
Topics covered:
  • Financial accounting & reporting, Foundational

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