Скачать с ютуб IAS 37 Provisions Contingent Liabilities | Contingent Assets | International Accounting | IFRS в хорошем качестве

IAS 37 Provisions Contingent Liabilities | Contingent Assets | International Accounting | IFRS

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: [email protected]