[Vanessachy]

Hi guys, I get confused with IFRS contingency. Basically from my understanding is that, probably is from the past and exist now, can be reasonably estimated,need to charge to income. Possible need to accrual and use the mid point. How about disclose? Do you need to disclose to probably or possible, and there is no remote for Ifrs? Thanks guys!

Far 10/26/2015, 64, 1/4/2016, 82
Reg 7/10/2015, 60, 2/27/2016, 86
Aud, 5/9/2016, 74 (ouch), 7/26/2016, I cannot wait to take this test again
Bec, 6/10/2016, 70,9/8 retake

[Vanessachy]

Does anyone have the answers?

Far 10/26/2015, 64, 1/4/2016, 82
Reg 7/10/2015, 60, 2/27/2016, 86
Aud, 5/9/2016, 74 (ouch), 7/26/2016, I cannot wait to take this test again
Bec, 6/10/2016, 70,9/8 retake

[Tripin93]

I don't remember all of the contingency rules. But I do remember that if you accrue it, you don't need to disclose it (it would be redundant to do so. Generally, redundancy is bad for GAAP/IFRS.) I hope this helps.

Motivated by JC. I do it to make God proud.

FAR: 91 July 2015
AUD: 83 October 2015
REG: 81 January 2016
BEC: 83 February 2016

[Author]

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