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Uncertainty is a key challenge in financial reporting, requiring careful assessment of provisions, contingent liabilities, and contingent assets.

IAS 37 ‘Provisions, Contingent Liabilities and Contingent Assets’ provides a structured approach for recognising, measuring, and disclosing these items.

This course explores key principles, including initial recognition, measurement, reimbursements, and accounting for such items in subsequent periods.

It also covers common application challenges, presentation, and disclosure requirements.

Through practical examples, you will gain a clear understanding of how to apply IAS 37 effectively to facilitate accurate and compliant financial reporting in uncertain situations.

This on-demand course takes approximately 1 hour to complete and may contribute up to 1 hour of verifiable CPD if you can demonstrate its relevance to your role.

Start today and complete it at your own pace.