BC17) Scope (paras. Quiz: Will You Pass Your Exams? This quiz is a sample of our larger question bank of 50+ questions on IAS 37. Onerous Contracts - Cost of Fulfilling a Contract (paragraph 68A) (BC1-BC21) BC1; The cost of fulfilling a contract (paras. C. B. Start studying V. IAS 37 - Provisions. The questions would mostly be Current Affairs based on sources like ‘The Hindu’, ‘Indian Express’ and ‘PIB’.The questions are focused on both the concepts and facts. FA Chapter 9 Questions – Inventory and IAS 2. IAS 37: Implementation Guidance; IAS 37: Illustrative Examples; IAS 37: Basis for Conclusions. BC14-16) Interaction with requirements for impaired assets (para. FA Chapter 6 Questions – Depreciation. FA Chapter 10 Questions – Books of Prime Entry. D)A restructuring provision and related loss is more likely to occur later under IAS 37 than under U.S.GAAP. [Skip Breadcrumb Navigation]: [Skip Breadcrumb Navigation] Home: Multiple choice questions: No Frames Version Multiple choice questions. IAS 37 Provisions and Contingencies. 3 thoughts on “ Quiz: IAS 2 Inventories (Conceptual) ” Mehtab Hassan July 11, 2016 at 12:58 pm. Site Navigation; Navigation for Multiple c Daily Current Affairs Quiz UPSC IAS for 2019-20. C)IAS 37 does not allow recognition of a restructuring provision until a liability has been incurred. Quiz: Which Anime Character Are You Most Like? TRUE OR FALSEIAS 37 does not apply to financial instruments (including guarantees) that are within the scope of IFRS 9 - Financial Instruments ACCT 4120 - IAS 37 Contingent Liabilities DRAFT FA Chapter 5 Questions – IAS 37 – Provisions, Contingent Liabilities and Contingent Assets. BC18-BC19) FA Chapter 7 – No tests. BC2-BC13) Examples (paras. FA Chapter 8 Questions – Irrecoverable Debts and Allowances. IAS 37 - When should a provision be recognised (3) if, and only if: 1) An entity has a present obligation (legal or constructive) that has arisen as a result of a past event (the obligating event), 2) payment is probable ('more likely than not'), and 3) the amount can be estimated reliably. Consolidated and Separate Financial Statements. Question 1: IAS 37 Provisions and contingencies Adeel August 2, 2016 July 20, 2016 No Comments on Question 1: IAS 37 Provisions and contingencies Download (PDF, 375KB) Preview this quiz on Quizizz. Amazing work Sir.short and summarized and the method of delivering the knowledge via question wise is very nice because in this case Users of the website is not going to forget in the future. Featured Quizzes. This page is dedicated for UPSC/IAS Prelims from Current Affairs in the form of Daily Current Affairs Quiz.. FA Chapter 5 Questions IAS 37 – Provisions, Contingent Liabilities and Contingent Assets Spread the word Please spread the word so more students can benefit from our study materials. Gs Quiz-1 [ias-2010] Gs Quiz-1 [ias-2010] Quiz: Will You Pass Your Exams? Students who score over 70% get a certificate of assessment on IAS 37 from Eduyush.com This quiz will help you cover the theoretical and conceptual aspects of IAS 37 Provisions and Contingencies. Learn vocabulary, terms, and more with flashcards, games, and other study tools. A. You are just about to attempt the quiz about the IAS 37 Provisions and Contingencies. Quiz can be taken a total of 5 times. Financial Instruments: Presentation and Disclosure. Take our quiz on IAS 37 to assess yourself. B)There is no difference between IAS 37 and U.S.GAAP with respect to restructuring provisions. ... What is IAS 37? And related loss is more likely to occur later under IAS 37 Eduyush.com! 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