Ias 37 ‘provisions, contingent assets & contingent liabilities’

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August 20, 2020 at 9:06 am #581264
taki
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How Ias37 improves consistency in financial reporting?
August 22, 2020 at 2:45 pm #581502
P2-D2
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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.

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