Page 26 - CIMA MCS Workbook February 2019 - Day 2 Tasks

ADVANCED FINANCIAL REPORTING (F2) ‐ PRACTICE TASKS

To save me some time before the next directors’ board meeting early next week, could you
summarise the requirements of IAS 37 Provisions, contingent liabilities and contingent assets and
apply those requirements to the consequences of the two claims received?

Please provide this information to me before the end of this week.

Prepare a response to Simon’s request. (Time 45 minutes)

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