Description
What you will learn from the video lecture:
- What is a provision
- Meaning of liability
- Conditions for recognition of provision
- Legal obligation
- Constructive obligation
- Obligating event
- Journal entries
- Concept of finance cost
- Contingent liability
- Why contingent liability is not recognised
- Summary of the main requirements
- Contingent asset
- Cases where contingent asset is recognised
- How to measure a provision
- Reimbursement
- Use of provision
- Future operating losses
- Onerous contracts
- Decommissioning, Restoration and Similar Liabilities
- Restructuring
- Numerical examples illustrating accounting of provision
Additional features:
Session type – Detailed deliberation on Ind AS 37 with maximum use of practical examples and engaging illustrations
On-Demand Access – Enjoy flexibility of accessing e-lecture anytime, anywhere, at your own pace, fitting seamlessly into your busy schedule
Unlimited Views – There is no restriction to the number of views
Study material – You will receive a free comprehensive e-book on Ind AS 37 worth Rs. 99, presentation slides, and examples
Support – Clarification of queries is also offered via digital communication for 1 year from the date of purchase
Reviews
There are no reviews yet.