B)There is no difference between IAS 37 and U.S.GAAP with respect to restructuring provisions. BC17) Scope (paras. A. Learn vocabulary, terms, and more with flashcards, games, and other study tools. This quiz is a sample of our larger question bank of 50+ questions on IAS 37. Quiz: Will You Pass Your Exams? B. FA Chapter 9 Questions â Inventory and IAS 2. Take our quiz on IAS 37 to assess yourself. [Skip Breadcrumb Navigation]: [Skip Breadcrumb Navigation] Home: Multiple choice questions: No Frames Version Multiple choice questions. Daily Current Affairs Quiz UPSC IAS for 2019-20. TRUE OR FALSEIAS 37 does not apply to financial instruments (including guarantees) that are within the scope of IFRS 9 - Financial Instruments ACCT 4120 - IAS 37 Contingent Liabilities DRAFT FA Chapter 5 Questions IAS 37 â Provisions, Contingent Liabilities and Contingent Assets Spread the word Please spread the word so more students can benefit from our study materials. Site Navigation; Navigation for Multiple c Gs Quiz-1 [ias-2010] Gs Quiz-1 [ias-2010] Quiz: Will You Pass Your Exams? Preview this quiz on Quizizz. FA Chapter 5 Questions â IAS 37 â Provisions, Contingent Liabilities and Contingent Assets. BC18-BC19) Quiz: Which Anime Character Are You Most Like? IAS 37 Provisions and Contingencies. The questions would mostly be Current Affairs based on sources like âThe Hinduâ, âIndian Expressâ and âPIBâ.The questions are focused on both the concepts and facts. BC2-BC13) Examples (paras. IAS 37: Implementation Guidance; IAS 37: Illustrative Examples; IAS 37: Basis for Conclusions. Financial Instruments: Presentation and Disclosure. FA Chapter 7 â No tests. ... What is IAS 37? 3 thoughts on â Quiz: IAS 2 Inventories (Conceptual) â Mehtab Hassan July 11, 2016 at 12:58 pm. 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. This quiz will help you cover the theoretical and conceptual aspects of 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) Quiz can be taken a total of 5 times. Consolidated and Separate Financial Statements. FA Chapter 10 Questions â Books of Prime Entry. 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. FA Chapter 8 Questions â Irrecoverable Debts and Allowances. Start studying V. IAS 37 - Provisions. Students who score over 70% get a certificate of assessment on IAS 37 from Eduyush.com This page is dedicated for UPSC/IAS Prelims from Current Affairs in the form of Daily Current Affairs Quiz.. FA Chapter 6 Questions â Depreciation. You are just about to attempt the quiz about the IAS 37 Provisions and Contingencies. D)A restructuring provision and related loss is more likely to occur later under IAS 37 than under U.S.GAAP. Featured Quizzes. BC14-16) Interaction with requirements for impaired assets (para. Onerous Contracts - Cost of Fulfilling a Contract (paragraph 68A) (BC1-BC21) BC1; The cost of fulfilling a contract (paras. C. C)IAS 37 does not allow recognition of a restructuring provision until a liability has been incurred.