Episode notes
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