Ias 37 ‘provisions, contingent assets & contingent liabilities’Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Ias 37 ‘provisions, contingent assets & contingent liabilities’This topic has 1 reply, 2 voices, and was last updated 3 years ago by P2-D2.Viewing 2 posts - 1 through 2 (of 2 total) AuthorPosts August 20, 2020 at 9:06 am #581264 takiParticipantTopics: 1Replies: 0☆How Ias37 improves consistency in financial reporting? August 22, 2020 at 2:45 pm #581502 P2-D2KeymasterTopics: 4Replies: 6898☆☆☆☆☆It gives a set of principles that companies must apply to uncertainty, with the key being a present obligation (legal/constructive). It therefore prevents companies making overly large provisions and making provisions that are insufficient.ThanksAuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In