Webcast: Exposure Draft Provisions—Targeted Improvements
International Accounting Standards Board (IASB) technical staff explain proposed targeted
amendments to IAS 37 Provisions, Contingent Liabilities and Contingent
Assets that aim to clarify:
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when to recognise a provision;
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which discount rate to use for measuring a long-term provision; and
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which costs to include in the measurement of a provision.
These improvements would make the Standard easier to understand and apply. They will also
provide users of financial statements with better, earlier information about a company's
provisions.
Access the webcast here.