Financial Statements Archives

IAS 37 Provisions, Contingent Liabilities & Contingent Assets

by Muhammad Taha Farooq | Mar 24, 2025 | Accounting & Finance, Educational, IFRS

Day 15: IAS 37 – Provisions, Contingent Liabilities & Contingent Assets International Accounting Standard 37 (IAS 37) is a crucial standard that deals with provisions, contingent liabilities, and contingent assets. It provides guidance on the recognition,...

IFRS Presentation of Financial Statements (IAS 1)

by Muhammad Taha Farooq | Mar 15, 2025 | Accounting & Finance, Educational, IFRS

Day 6: IFRS Presentation of Financial Statements (IAS 1) The International Accounting Standard 1 (IAS 1) provides guidelines for presenting financial statements under the International Financial Reporting Standards (IFRS). The standard requires entities to present...