Start studying V. IAS 37 - Provisions. FA Chapter 9 Questions – Inventory and IAS 2. This quiz will help you cover the theoretical and conceptual aspects of IAS 37 Provisions and Contingencies. BC18-BC19) Daily Current Affairs Quiz UPSC IAS for 2019-20. Quiz: Which Anime Character Are You Most Like? 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. BC17) Scope (paras. BC2-BC13) Examples (paras. FA Chapter 5 Questions – IAS 37 – Provisions, Contingent Liabilities and Contingent Assets. [Skip Breadcrumb Navigation]: [Skip Breadcrumb Navigation] Home: Multiple choice questions: No Frames Version Multiple choice questions. 3 thoughts on “ Quiz: IAS 2 Inventories (Conceptual) ” Mehtab Hassan July 11, 2016 at 12:58 pm. FA Chapter 7 – No tests. Site Navigation; Navigation for Multiple c 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. D)A restructuring provision and related loss is more likely to occur later under IAS 37 than under U.S.GAAP. Financial Instruments: Presentation and Disclosure. Quiz: Will You Pass Your Exams? ... What is IAS 37? Onerous Contracts - Cost of Fulfilling a Contract (paragraph 68A) (BC1-BC21) BC1; The cost of fulfilling a contract (paras. C. B. B)There is no difference between IAS 37 and U.S.GAAP with respect to restructuring provisions. Quiz can be taken a total of 5 times. IAS 37: Implementation Guidance; IAS 37: Illustrative Examples; IAS 37: Basis for Conclusions. Students who score over 70% get a certificate of assessment on IAS 37 from Eduyush.com FA Chapter 8 Questions – Irrecoverable Debts and Allowances. Take our quiz on IAS 37 to assess yourself. 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. Preview this quiz on Quizizz. Gs Quiz-1 [ias-2010] Gs Quiz-1 [ias-2010] Quiz: Will You Pass Your Exams? Featured Quizzes. A. IAS 37 Provisions and Contingencies. 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) This quiz is a sample of our larger question bank of 50+ questions on IAS 37. 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. Learn vocabulary, terms, and more with flashcards, games, and other study tools. C)IAS 37 does not allow recognition of a restructuring provision until a liability has been incurred. 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