ACCA F7 Provision, Contingent Assets and Contingent Liabilities IAS 37
Автор: Mohamed Shek Sesay ACCA Mentor and Tutor.
Загружено: 2025-11-26
Просмотров: 16
📘 IAS 37 — Provisions, Contingent Liabilities & Contingent Assets (Explained Clearly!)
Welcome to today’s lesson on IAS 37, a key International Accounting Standard that guides how companies recognize and disclose provisions, contingent liabilities, and contingent assets.
In this video, you will learn:
✔️ What provisions are and when they should be recognized
✔️ The difference between a provision and a contingent liability
✔️ When contingent assets should be disclosed
✔️ Real-life examples to make the standard easier to understand
✔️ Practical applications for students, accountants, and finance professionals
IAS 37 is essential for ensuring transparency, reliability, and comparability in financial reporting—this video breaks it down in a simple and practical way.
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