CPE Course on IAS 37 Provisions, Contingent Liabilities, and Contingent Assets

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Before starting this self study program, please go through the instructional document.

Course Description
Course Qualification
Presenter
FAQ

Course Description

Overview

Learning about IFRS 101

2 mins
Constructive obligation

25 mins
Provisions and other liabilities

34 mins
Contingent liabilities

48 mins
Expenditures not included

75 mins

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 to 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.

Learning Objectives

To discuss the recognition rules for provisions.
To analyze 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.

Recommended For

This CPE webinar is recommended for CPAs, CVAs, ABVs, CMAs, IAPs, QIALs, and Other Accounting and attestation practitioners at all levels in both public accounting and private industry.

Who Should Attend?

Accountant
Accounting Firm
Accounting Managers
Accounting Practice Owners
Bookkeepers & Accountants & Tax Preparers
Certified Public Accountant (CPA)
CPA (Industry)
CPA - Mid Size Firm
CPA - Small Firm
CPA in Business
Entrepreneurial CPA
Staff of Accounting Firm
Young CPA

Course Qualification

Webinar Qualifies For

2 CPE Credit for Internal Audit Practitioner (IAP)
2 CPD Credit for Chartered Professional Accountant (CPA Canada)
2 CPE Credit for Certified Valuation Analyst (CVA)
2 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
2 CPE Credit for Certified Management Accountants (CMA)
2 CPE Credit for Certified Internal Auditors (CIA)
2 CPD Credit for Accredited in Business Valuation (ABV)
2 CPE Credit for Qualification in Internal Audit Leadership (QIAL)
2 CPE Credit for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
2 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
2 CE Credit for Certified Wealth Strategist (CWS)
2 General Credit for Accountant/Bookeeper
2 CPD Credit for Chartered Accountants - Ireland (CAI)
2 CPD Credit for CPA - Ireland
2 CPD Credit for Chartered Accountants - Scotland
2 CPD Credit for CA - ICAEW
2 CPD Credit for Chartered Certified Accountants (ACCA)

Additional details

Course Level :

Basic
Credits :

2
Instructional Method :

QAS Self Study
Pre-requisites :

None
Advance Preparation :

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) 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: www.NASBARegistry.org.

Presenter

About Presenter

Michel Morley

Founder, Mike Morley

Mike Morley is a Certified Public Accountant and a recognized authority in the field of finance with more than 25 years experience in finance, including SOX and IFRS implementation.

An entertaining and informative speaker and trainer, Mike is the author of:

“IFRS Simplified” which provides a jump start for accountants and finance executives who want to quickly and easily get up to date on IFRS.

“Sarbanes-Oxley Simplified” which is an easy-to-read explanation of the requirements of the U.S. legislation that makes CEO's & CFO's personally responsible for the accuracy of their company's financial statements.

“Financial Statement Analysis Simplified” which translates the accounting language of financial statements into clear, easy-to-understand terms that anyone who needs to make well-informed financial decisions quickly will appreciate.

Faq

FAQs content

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