Chapter 15: Provisions & Contingencies (IAS 37)

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Chapter 15: Provisions & Contingencies (IAS 37)

📄 Caption: How do you account for liabilities that are uncertain? This video breaks it down.

What you’ll learn:

  • Definitions: provision, contingent liability, contingent asset
  • Recognition criteria
  • Measurement and discounting
  • Legal vs constructive obligations

#IAS37 #Provisions #ContingentLiabilities #ACCAFR