Learning outcomes

What will you learn?

The objectives, scope, and application of IAS 37 for recognizing and measuring provisions.

Identifying and evaluating contingent liabilities and contingent assets in financial reporting.

Methods for measuring provisions, including legal and constructive obligations.

Accounting for onerous contracts and restructuring provisions.

Disclosure requirements for significant assumptions, key estimates, and contingent items.

Practical examples demonstrating the impact of IAS 37 on financial statements and decision-making.

Participants

Who is this course designed for?

Accountants and finance professionals seeking knowledge of provisions, contingent liabilities, and contingent assets under IFRS.

Auditors reviewing financial statements for compliance with IAS 37.

CFOs, financial controllers, and managers responsible for reporting on obligations and contingencies.

Consultants and advisors assisting clients with IFRS implementation and financial reporting.

Pre-requisites

Necessary Qualifications

Background in accounting, finance, or business administration.

Basic understanding of financial statements and accounting principles.

Experience in financial reporting, audit, or risk management is recommended.

Familiarity with IFRS or national accounting standards is beneficial but not mandatory.

Course Content

What will you study?

Overview and objectives of IAS 37.

Recognition and measurement of provisions.

Identifying contingent liabilities and contingent assets.

Accounting for legal and constructive obligations.

Treatment of onerous contracts and restructuring provisions.

Disclosure requirements for significant assumptions and key estimates.

Illustrative examples and practical application in financial reporting.