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IAS 37

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › IAS 37

  • This topic has 3 replies, 2 voices, and was last updated 4 years ago by AvatarJohn Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • July 11, 2021 at 8:21 am #627420
    Avatarmaximus07
    Participant
    • Topics: 446
    • Replies: 437
    • ☆☆☆☆

    If obligation has possible chances and reliably measured. It is provision or it is contingent liability?

    July 11, 2021 at 4:21 pm #627457
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54845
    • ☆☆☆☆☆

    It is a provision, and because it is possible (i.e. between 5% and 50% likely) it will be disclosed by way of a note.

    July 12, 2021 at 2:34 pm #627530
    Avatarmaximus07
    Participant
    • Topics: 446
    • Replies: 437
    • ☆☆☆☆

    Thank you sir.

    July 12, 2021 at 3:43 pm #627540
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54845
    • ☆☆☆☆☆

    You are welcome 🙂

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    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘IAS 37’ is closed to new replies.

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