IAS 37 defines and specifies the accounting for and disclosure of provisions, contingent liabilities, and contingent assets. A provision is a liability of uncertain timing or amount. The liability may be a legal …

On this page, you will find materials addressing both general and topic-specific guidance, providing insights into how to apply IAS 37 as well as keeping you up to date with the latest developments.

International Accounting Standard 37: Provisions, Contingent Liabilities and Contingent Assets, or IAS 37, is an international financial reporting standard adopted by the International Accounting Standards …

IAS 37 Provisions, Contingent Liabilities and Contingent Assets sets the recognition criteria and measurement bases to be applied to provisions, contingent liabilities and contingent assets. This …

Jan 8, 2025 · IAS 37 governs provisions, but it does not deal with items explicitly covered by another standard (these are detailed in IAS 37.5). It’s important to understand that all contractual liabilities, …

The objective of this Standard is to ensure that appropriate recognition criteria and measurement bases are applied to provisions, contingent liabilities and contingent assets and that sufficient information is …

Jul 1, 1999 · IAS 37 outlines the accounting for provisions (liabilities of uncertain timing or amount), together with contingent assets (possible assets) and contingent liabilities (possible obligations and …

IAS 37 stipulates the criteria for provisions which must be met for a provision to be recognised so that companies are prevented from manipulating profits. According to IAS 37, three criteria are required …

Following the withdrawal of IAS 11 Construction Contracts, entities are required to apply IAS 37 instead of IAS 11 to assess whether construction contracts are onerous.

International Accounting Standard 37 Provisions, Contingent Liabilities and Contingent Assets (IAS 37) is set out in paragraphs 1–105. All the paragraphs have equal authority but retain the IASC format of …