IAS 37 Accounting for Provisions and Contingent Liabilities скачать в хорошем качестве

IAS 37 Accounting for Provisions and Contingent Liabilities

The video outlines the IAS 37 accounting standard, which establishes the framework for managing provisions, contingent liabilities, and contingent assets. A provision is defined as a debt with an unclear final cost or settlement date, distinguishable from standard payables by its inherent uncertainty. To record a provision, an organization must prove a present obligation resulting from a past event, show that a loss of funds is probable, and provide a reliable financial estimate. Conversely, contingent liabilities and assets represent potential obligations or gains that do not meet the strict criteria for formal recognition and are typically handled through financial disclosures. The documents also address specialized scenarios, such as onerous contracts—where costs outweigh benefits—and corporate restructuring plans. Measurement of these items often involves calculating a best estimate using statistical methods or assessing the present value of future cash flows.