Page 6 - PowerPoint Presentation
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PROVISIONS, CONTINGENT LIABILITIES AND ASSETS
Prescribed study material
• Chapter on provisions, contingent liabilities and contingent
assets in Descriptive Accounting, 20th edition.
• IAS 37 Provisions, Contingent Liabilities and Contingent
Assets.
• IFRIC 5 Rights to Interest arising from Decommissioning,
Restoration and Environmental Rehabilitation Funds.
• IFRIC 1 Changes in Existing Decommissioning, Restoration
and Similar Liabilities (refer to the learning unit on Property,
Plant and Equipment).
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