IAS 37 – Provisions (only)

Provisions - recognition IAS 37 defines provision as a liability of uncertain timing or amount. So, provision is a type of liability the timing and amount of which is uncertain. Liability is defined in the Conceptual Framework for Financial Reporting which is repeated by IAS 37 as well, as a present obligation of the entity... Continue Reading →

Dream Destination- Singapore

Singapore – one of the finest destinations of my travel diary. An island country in the South East Asia with multicultural population. Its truly one of the most memorable destination I had visited so far. I have been there twice and if got chance will visit again. It is almost the most perfect country of... Continue Reading →

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