Conceptual framework vs ias 37

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May 17, 2019 at 9:37 am #516244
nikaido
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it is said that ias 37 does not align with the conceptual framework, could u please shed light how ?

Additionally even after changing the definition of a liability of under the ED, it still contradicts with deffered tax liability under ias 12 wherby it may or may not result in transfer of economic resource
May 21, 2019 at 8:42 pm #516770
P2-D2
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Hi,

Where does it say this about IAS 37?

IAS 12 doesn’t really as there is no transfer of economic resource, it is merely just an accounting adjustment.

Thanks
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