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IAS 37 Provisions, Contingent Liabilities And Contingent Assets

IAS 37 Provisions CPE Selfstudy Course

2 Credits


Subject Area


Webinar Qualifies For

2 CPE credit of Accounting for all CPAs

2 CPE credit for Certified Management Accountants (CMA)

2 CPE credit for Certified Internal Auditors (CIA)

2 CPD credit (Verifiable) for Canadian CPAs

2 CPE credit for Internal Audit Practitioner (IAP)

2 CPE credit for Qualification in Internal Audit Leadership (QIAL)

2 CPD credit (Verifiable) for CPA/ABV

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

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

You need to register for the webinar to watch the video.

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


  • 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.

Who Should Attend?

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