Programme ObjectiveTo equip participants with a clear understanding of and the ability to apply the recognition criteria and measurement bases as applied to provisions, contingent liabilities and contingent assets and the required disclosures. To ensure that participants are able to: Differentiate between provisions and contingent liabilities provisions and other liabilities Present contingent liabilities and contingent assets appropriately in the financial statements Apply the appropriate measurement requirements to provisions Apply the requirements to specific situations
DefinitionsRelationship between provisions and contingent liabilitiesRecognition criteria for provisions Key characteristics of provisions Present obligationPast eventProbable outflow Reliable estimate of the obligationAccounting treatment of contingent liabilitiesAccounting treatment of contingent assets Measurement Determining best estimatesEffects of risk and uncertainties, time value of money, future events, expected disposals of assets ReimbursementsChanges in provisionsApplication of recognition and measurement requirements to specific situations Future operating lossesOnerous contractsRestructuringDisclosures Training MethodologyLecture style, with Exercises/Case StudiesClosing Date for Registration1 week before programme or until full enrolment
An Intermediate to Advanced level programme targeted at both Practicing and Non-Practicing Accounting and Audit Professionals. Those who wish to achieve deeper understanding in FRS 37 are encouraged to attend.
Category 1 = 3.50 Hours
12 Oct 2018 (2:00 PM - 5:30 PM)
Registration is closed
09 Oct 2017 (2:00 PM - 5:30 PM)
10 Oct 2016 (2:00 PM - 5:30 PM)
For Members: $ 199.02 For Non-Members: $ 237.54
137 Cecil StreetLevel 3Hengda BuildingSingapore 069537
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05 Mar 2021 - 05 Mar 2021
08 Mar 2021 - 08 Mar 2021