IAS 37 Provisions Contingent Liabilities | Contingent Assets | International Accounting | IFRS
Автор: Farhat Lectures. The # 1 CPA & Accounting Courses
Загружено: 2019-08-06
Просмотров: 33228
Updated video: • International Accounting Course
✅For more visit: www.farhatlectures.com
#CPAEXAM #ACCA #accountingstudent
IAS 37 distinguishes between a contingent liability, which is not recognized on the balance sheet, and a provision, which is. A provision is defined as a “liability of uncertain timing or amount.” A provision should be recognized when
1) The entity has a present obligation (legal or constructive) as a result of a past event.
2) It is probable (more likely than not) that an outflow of resources embodying economic events will be required to settle the obligation.
3) A reliable estimate of the obligation can be made.
My website: https://farhatlectures.com/
Facebook page: / accountinglectures
LinkedIn: https://goo.gl/Pp2ter
Twitter: / farhatlectures
Email Contact: Mansour.farhat@gmail.com
Доступные форматы для скачивания:
Скачать видео mp4
-
Информация по загрузке:
