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Chapter 8

Provisions, contingent liabilities and

contingent assets

Outcome

At the end of this chapter you will be able to:

 discuss the recognition and measurement of provisions and the need for and
®
disclosure of contingent assets and liabilities, in accordance with IAS 37
Provisions, contingent liabilities and contingent assets

and answer questions relating to those areas.

The underpinning detail for this chapter in your Integrated Workbook can
be found in Chapter 8 of your Study Text.

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