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IAS 37 Provisions and Reimbursements by Sherif Mohamed is a document available to read on EtoBox.

What is IAS 37 Provisions and Reimbursements about?

IAS 37 provides guidance on accounting for provisions. A provision is a liability of uncertain timing or amount from past events where an outflow of resources is probable. For a provision to be recognized, there must be a present obligation from a past event, outflow of resources is probable, and the amount can be reliably estimated. Provisions should be measured at the best estimate of the expenditure to settle the obligation and discounted if the time value is material. Specific types of provisions includ

Author

Sherif Mohamed

Language

EN