IAS 37 — Provisions, Contingent Liabilities and Contingent Assets
Modules of the standard
- Concepts18 publishedNormative and pedagogical mapping.
- Questions226 publishedTrue/false, quizzes, calculations, entries, mini-cases, judgment.
- Practical cases5 publishedProgressive cases, from beginner to expert.
- Workpapers6 publishedWorking papers with calculations and entries.
- Professional file1 publishedSimulation of a full engagement.
- Exams2 publishedSealed, versioned final exams.
- Explanations (lessons)12 publishedLesson explanations, chapter by chapter.
Practical cases
- Warranties, shared pollution, lawsuits and a claim: provision, contingent liability or contingent assetL1Beginner
- Restoration of a quarry site: best estimate, discounting, unwinding and revisionL2Intermediate
- Onerous supply contract: cost of fulfilling, exit penalty and prior impairmentL3Advanced
- Site closure: constructive obligation to restructure and eligible costsL3Advanced
- Year-end review of a group's provisions: reimbursements, movement schedule and contingency notesL4Expert
- Professional file: review of the provisions and contingencies of an industrial groupL4Expert
Workpapers
Concepts by topic
Mapping texts (concept labels, objectives, paragraph summaries) are available in French only for now.
Objective and scope
- Objective of the standardImportant4 questions
- Scope, executory contracts and other standardsCore15 questions
Definitions
- Provisions, liabilities, obligations and contingenciesCore13 questions
Recognising provisions
- The three recognition conditionsCore14 questions
- Present obligation and obligating eventCore20 questions
Contingent liabilities and contingent assets
- Contingent liabilitiesCore14 questions
- Contingent assetsCore14 questions
Measurement
- Best estimate, expected value and most likely outcomeCore16 questions
- Discounting and discount rateCore12 questions
- Future events and expected disposalsImportant9 questions
Reimbursements
- Reimbursements expected from third partiesImportant10 questions
Changes in and use of provisions
- Remeasurement, unwinding and useCore13 questions
Future losses, onerous contracts and restructuring
- Future operating lossesImportant8 questions
- Onerous contracts and cost of fulfilling a contractCore17 questions
- Restructuring: definition and constructive obligationCore19 questions
- Restructuring provision: eligible expendituresImportant10 questions
Disclosure
- Disclosure of provisionsImportant8 questions
- Disclosure of contingent liabilities and assetsImportant10 questions