Published February 13, 2024
| Version v1
Conference paper
Open
PRACTICAL ASPECTS OF MAINTAINING THE INTERNATIONAL STANDARD OF ACCOUNTING FOR RESERVES, CONTINGENT LIABILITIES AND CONTINGENT ASSETS
- 1. 1st year student of TerSU, majoring in Accounting
Description
This article delves into the practical implications of the International Accounting Standard (IAS) pertaining to reserves, contingent liabilities, and contingent assets. It explores how businesses can effectively apply these standards to ensure transparent financial reporting, manage risks, and make informed decisions. Practical examples and guidelines are provided to assist organizations in navigating the complexities associated with these accounting principles.
Files
Boltayev Jasurbek 126-129.pdf
Files
(124.0 kB)
| Name | Size | Download all |
|---|---|---|
|
md5:8889b83e687ae59419b86d75577ccc4e
|
124.0 kB | Preview Download |
Additional details
References
- International Accounting Standards Board. (2015). IAS 37: Provisions, Contingent Liabilities, and Contingent Assets.
- Ernst & Young LLP. (2020). IFRS in Practice: IAS 37 Provisions, Contingent Liabilities, and Contingent Assets
- Deloitte. (2019). Applying IFRS: A closer look at IAS 37 Provisions, Contingent Liabilities, and Contingent Assets.
- Financial Accounting Standards Board. (2021). Accounting Standards Codification 450: Contingencies.
- Nobes, C., & Parker, R. H. (2016). Comparative international accounting. Pearson UK
- Ernst & Young Global Limited. (2020). IFRS Practical Implementation Guide and Workbook. John Wiley & Sons
- Deloitte Touche Tohmatsu Limited. (2019). IFRS 9, 15, and 16: Practical Implementation Guide and Workbook. John Wiley & Sons
- ieso, D. E., Weygandt, J. J., & Warfield, T. D. (2019). Intermediate Accounting: IFRS Edition. John Wiley & Sons.