Product Image

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

Publisher: AICPA
Availability: Online Access
See Below To Add To Cart
View Online Catalog
Print This Page
Available Formats:  On-Demand | See All

AICPA's IFRS Certificate Program

This course is part of the IFRS Certificate Program – a comprehensive, integrated curriculum that will give you the basic training, knowledge, and practical guidance in international accounting standards that are necessary in today's global business environment. Credit for individual courses purchased can be applied to the full program. Click here for information on the complete program.

The purpose of this course is to familiarize 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 recognized only when there is a liability (i.e., a present obligation resulting from past events).

Learning Objectives
When you complete this course you will be able to:

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

Prerequisites: None

Advance Preparation: None

Note: Accessible immediately after completing the purchase process on

NASBA Field of Study: Accounting
Level: Basic
Recommended CPE Credit: 2
IFRS: Provisions, Contingent Liabilities and Contingent Assets (IAS 37)
IFRS: Provisions, Contingent Liabilities and Contingent Assets (IAS 37)
CPE On-Demand
Product# 159743
Availability: Online Access 1 Year
For registered users only
AICPA Member:$50.00
Your Price:$70.00
To receive your AICPA member discount, Sign In now, or Register using your AICPA membership number.