CPE Packages (Incl. Ethics) for Multiple States and Qualifications Available. Price $4/credit - CLICK HERE to view.

IAS 37 Provisions, Contingent Liabilities and Contingent Assets

Michel Morley

Mike Morley

Tuesday, April 06, 2021 | 04:00 PM EDT

  • CPA/ABV
  • CPA
  • CVA
  • CFE

2 Credits

$20

Subject Area

Accounting

Webinar Qualifies For

2 CPE credit of Accounting for all CPAs

2 CPE credit for Certified Management Accountants (CMA)

2 CPE credit for Certified Fraud Examiners (CFEs)

2 CPD credit (Verifiable) for Certified Valuation Analyst (CVA)

2 CPD credit (Verifiable) for CPA/ABV

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Upcoming Webinars

everything you need to know about partnerships

(2)

Jul 26, 2021 | 09:00 AM EDT View Details

basis calculations & distributions for pass-thru entity owners schedule k-1 analysis (latest)

(7)

Jul 26, 2021 | 09:00 AM EDT View Details

sox internal controls for inventory

Jul 26, 2021 | 09:30 AM EDT View Details

basic concepts of fixed asset accounting

(1)

Jul 26, 2021 | 09:30 AM EDT View Details

quickbooks for desktop pc exploring the interface - for beginners

(1)

Jul 26, 2021 | 10:00 AM EDT View Details

yellow book boot camp – introduction to nfp and governmental accounting & auditing

Jul 26, 2021 | 10:00 AM EDT View Details

excel accountant: intro to spreadsheets in-depth

(1)

Jul 26, 2021 | 10:00 AM EDT View Details

2020 t2 - step-by-step guide preparing t2 return in profile

Jul 26, 2021 | 10:00 AM EDT View Details

workplace culture

Jul 26, 2021 | 10:00 AM EDT View Details

employment law – what will get you sued in 2021

(67)

Jul 26, 2021 | 10:30 AM EDT View Details

ethics irs circular 230 - controversy side of circular 230

(47)

Jul 26, 2021 | 10:30 AM EDT View Details

s-corp preparation, basis calculations & distributions – form 1120s schedule k & k-1 analysis

(4)

Jul 26, 2021 | 11:00 AM EDT View Details

agile auditing

(3)

Jul 26, 2021 | 11:00 AM EDT View Details

itemized deduction updates - with examples & case studies (basic overview)

(222)

Jul 26, 2021 | 11:30 AM EDT View Details

excel’s data validation tools - keep out bad data from the start

(2)

Jul 26, 2021 | 11:30 AM EDT View Details

Course Description

When it comes to provisions, contingent liabilities and contingent assets, how do you ensure that appropriate recognition criteria and measurement bases are applied so that the result is a clear, relevant, reliable, and comparable financial statement.

IAS 37 spells out what information needs to be disclosed in the notes to enable users to understand the nature, timing and amounts relating provisions, contingent liabilities and contingent assets.

Part of this standard’s purpose is to remove any ambiguity about the rules for establishing provisions, thus trying to establish consistency in the approach while still leaving some room for judgment. It is not always an easy balancing act, but this online accounting CPE webinar session will help you achieve that balance.

Major Topics Covered in this CPE webinar for CPAs:

  • Scope of IAS 37.
  • Definition of items specific to IAS 37.
  • Know how to account for estimates.
  • When and how to apply contingent assets and contingent liabilities.
  • Understand and account for risks and uncertainties.
  • Establish, measure, and record provisions.
  • Deal with Constructive obligations.
  • Review legal action provision.
  • Know the disclosure requirements.

Recommended for: 

This Accounting CPE webinar is recommended for Accounting and attestation practitioners at all levels in both public accounting and private industry.

Learning Objectives

  • To discuss the recognition rules for provisions.
  • To examine how to account for contingent assets and contingent liabilities.
  • To know what to do with risks and uncertainties.
  • To comprehend constructive obligations.
  • To discuss the provisions.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Bookkeepers & Accountants & Tax Preparers
  • Certified Public Accountant
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Young CPA