The purpose of the Standard and the types of assets and liabilities it applies to
What a provision is and how to account for one
What contingent liabilities and contingent assets are and how to account for them.
Many entities are parties to arrangements that have uncertain outcomes, including leases with make-good provisions and court cases. Consequently, for those entities that prepare their financial statements in accordance with International Financial Reporting Standards or Australian Accounting Standards, it is important they understand the requirements in IAS 37 so they can correctly identify, classify and account for these uncertain arrangements. This course provides an introduction to IAS 37 to assist entities in understanding the accounting implications of the different types of arrangements that may have uncertain outcomes.
Aletta is an Advisory Partner and National Leader of IFRS & Corporate Reporting at BDO in Australia. Aletta has over 25 years’ experience in financial reporting and accounting, including IFRS. Aletta has lectured on financial accounting and reporting, auditing and assurance and taxation at various Australian and South African universities. As an Associate Professor, she authored various financial reporting and accounting textbooks. Aletta also spent several years as a Project Manager at the Australian Accounting Standards Board (AASB).
Dean has been advising on IFRS and other financial reporting matters for over 15 years. Having worked with a range of clients in both the for-profit and not-for-profit sectors, Dean understands the challenges preparers face. Dean has presented academic and professional training seminars and published papers on various topics in financial accounting and reporting in Australia and internationally. Dean has also participated in various professional liaison and working groups, including the AASB’s Disclosure Initiative Project Advisory Panel and the Institute of Actuaries of Australia’s Insurance Accounting Standards Committee.