IAS 37: provisions and contingent liabilities
Plain-English guides to IAS 37 provisions and contingent liabilities, each with a worked example.
2 guides
- IAS 37 provisions explained3 minute readIAS 37 provisions explained: present obligation, probable outflow and reliable estimate, best estimate, expected value, discounting, and contingent liabilities.
- Onerous contracts3 minute readOnerous contracts under IAS 37: unavoidable costs, the cost of fulfilling a contract after the 2022 amendments, exit penalties and impairment, with an example.
About these guides
The guides explain the standard in our own words, with our own examples, and point to the paragraphs they rely on. They are general information, not advice for your situation. Read them alongside the standard itself, and check when your regulator adopts it.