IAS 37 defines and specifies the accounting for and disclosure of provisions, contingent liabilities, and contingent assets. A provision is a liability of uncertain timing or amount. The liability may be a legal obligation or a constructive obligation.

International Accounting Standard 37 Provisions, Contingent Liabilities and Contingent Assets (IAS 37) is set out in paragraphs 1–105. All the paragraphs have equal authority but retain the IASC format of the Standard when it was adopted by the IASB.

IAS 37 outlines accounting for provisions, contingent assets, and contingent liabilities, including measurement at the best estimate and present value of expenditures.

IAS 37 stipulates the criteria for provisions which must be met for a provision to be recognised so that companies are prevented from manipulating profits. According to IAS 37, three criteria are required to be met before a provision can be recognised.

International Accounting Standard 37: Provisions, Contingent Liabilities and Contingent Assets, or IAS 37, is an international financial reporting standard adopted by the International Accounting Standards Board (IASB).

2 天之前 · IAS 37, originally issued in 1998, is the one-stop-shop guidance for provisions and contingencies under IFRS Accounting Standards. Over the years, the business environment has evolved, and companies have encountered increasingly complex transactions and uncertainties, in particular in relation to climate-related commitments and threshold-based ...

International Accounting Standard 37 Provisions, Contingent Liabilities and Contingent Assets (IAS 37) is set out in paragraphs 1⁠–⁠105. All the paragraphs have equal authority but retain the IASC format of the Standard when it was adopted by the IASB.

contingent asset is a possible asset that arises from past events, and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the entity. An obligating event gives rise to a present obligation.

1999年1月1日 · IAS 37 sets rules for measurement of provisions and discusses several factors to take into account in reaching the best estimate of provision: Risk and uncertainties, Present value, Future events, Expected disposals of assets. Standard also deals with reimbursements of provisions by another party, changes in provisions and use of provisions.

IAS 37 Provisions, Contingent Liabilities and Contingent Assets sets the recognition criteria and measurement bases to be applied to provisions, contingent liabilities and contingent assets. This page provides information on the standard and recent …