(% of quiz marks)
IAS 37 ‘Provisions, Contingent Liabilities and Contingent Assets’ defines and specifies the accounting for and disclosure of provisions (liabilities of uncertain timing or amount) and contingencies (possible assets or liabilities whose existence will be confirmed by uncertain future events that are not wholly within the control of the entity).
Besides explaining the main principles prescribed by IAS 37, the seminar will tackle a number of special situations for which consideration of IAS 37 is necessary.
- Main target audience: Auditors, Accountants, Accountancy Students.
- Potential target audience: Other persons interested in the subject, such as business persons, investors and managers.
Basic knowledge of double entry and presentation of financial statements is necessary.
Friday 8th November 2019
13:45 – 14:00 Registration
14:00 – 14:45 Introduction to IAS 37
14:45 – 15:45 Special Considerations: Provisions
15:45 – 16:00 Coffee Break
16:00 – 17:00 Special Considerations: Contingencies
17:00 – 17:15 Any Current Developments and Question Time
3 core hours