IFRS: Provisions, Contingent Liabilities, and Contingent Assets (IAS 37)

Overview

This course is part of the IFRS Certificate Program - a comprehensive, integrated curriculum that will give you the foundational training, knowledge, and practical guidance in international accounting standards necessary in today's global business environment.

This self-study course addresses requirements of IAS 37, Provisions, Contingent Liabilities, and Contingent Assets, including the following:

• Scope and scope exceptions of the standard
• Recognition criteria and measurement bases
• Disclosure requirements

This course includes interactive learning elements, video content, and real-life application through case studies.

Note: Individual courses purchased within the last year can be applied toward the purchase of the IFRS Certificate Program. Find out more.

Prerequisites

Familiarity with financial reporting and accounting principles under IFRS

Designed For

Who Will Benefit

• 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

Objectives

Learning Outcomes

• Identify the existence of a provision, contingent liability, and a contingent asset
• Identify when to recognize and measure a provision.
• Recognize when a contingent item should be disclosed.