Provisions and Contingencies: Special Considerations

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.

Audience:

The training course is specifically targeted to accounting professionals and students, especially those who are pursuing or intend to pursue a career in audit, accountancy or IFRS expertise.

Keynote:

Participants are expected to have a solid understanding of basic accounting concepts, including double entry and basic financial reporting.

Others Details

Course Agenda: Part 1: Introduction to provisions and contingencies Provisions Part 2: Contingent assets Contingent liabilities Disclosures Part 3: Conclusion Date: Wednesday 7th October 2020 Time: 14:00 – 17:15