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This video from Commerce Specialist explains IAS 37 Provisions, Contingent Liabilities and Contingent Assets. Discussion is done regarding What are Provisions, What are Contingent Liabilities and What are Contingent Assets. Explanations are given regarding accounting treatment of Provisions, Accounting treatment of Contingent Liabilities and Accounting Treatment of Contingent Assets. Discussion is also done on Recognition criteria for Provisions, Contingent Liabilities and Contingent Assets. In the end content is on Disclosure requirements as per IAS 37. This video is relevant for students of ACCA F3, Financial Accounting, ACCA F7, Financial Reporting, Advanced Financial Accounting, students of Various Professional Certifications, Students of Accounting, Auditors and other interested parties. LINK TO JOIN MY DEDICATED GROUP: / commercespecialist Support my channel, Buy my merch, link below: https://allnew4u.creator-spring.com/ My website's link: https://www.comparativeedge.com About: Commerce Specialist is a Certified Management Accountant (CMA) from USA, is a Fellow of member of HEA UK, holds Certification in International Auditing from ACCA-UK, member of IFA UK and IPA Australia, also holds a Bachelors in Accounting, A teaching qualification of B.Ed., an MBA in Finance along with over 20 years’ experience of working in various MNCs in different sectors including Banking, NBFIs, Retail, Oil & Gas, Telecommunication, and top business schools, colleges and universities. For queries, promotions, mentoring, admissions and business related matters, please contact me on [email protected] #ias37 #contingentliabilities #contingentassets