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IFRS: Provisions, Contingent Liabilities and Contingent Assets (IAS 37)

 
 
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Registration is Open
VSCPA Members
$50.00 Regular Registration
Non-members
$70.00 Regular Registration

The purpose of this course is to familiarize you with the objective of IAS 37 to ensure that appropriate recognition criteria and measurement bases are applied to provisions, contingent liabilities and contingent assets and that sufficient information is disclosed in the notes to the financial statements to enable users to understand their nature, timing and amount. The key principle established by IAS 37 is that a provision should be recognized only when there is a liability (i.e., a present obligation resulting from past events).

Delivery Method: Self Study
CPE Credit: Accounting
Program Level: Basic

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The Virginia Society of CPAs (VSCPA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBARegistry.org.

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