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Accounting for provisions!

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Manage episode 318924049 series 3263807
Content provided by Tom Clendon SBR online lecturer. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Tom Clendon SBR online lecturer or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In this episode I discuss accounting for provisions - which is at present regulated by IAS37 Provisions, Contingent Liabilities and Contingent Assets. In addition to explaining the basics of the standard I discuss why the standard is said to conflict with the current conceptual framework and what is meant by the "all or nothing approach" adopted by the standard. The areas of judgment are highlighted and the application of the standard is illustrated through two specific examples. An action packed 12 minutes!

  continue reading

79 episodes

Artwork
iconShare
 
Manage episode 318924049 series 3263807
Content provided by Tom Clendon SBR online lecturer. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Tom Clendon SBR online lecturer or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In this episode I discuss accounting for provisions - which is at present regulated by IAS37 Provisions, Contingent Liabilities and Contingent Assets. In addition to explaining the basics of the standard I discuss why the standard is said to conflict with the current conceptual framework and what is meant by the "all or nothing approach" adopted by the standard. The areas of judgment are highlighted and the application of the standard is illustrated through two specific examples. An action packed 12 minutes!

  continue reading

79 episodes

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