Key details

Cost: $120 /module /user (inc. GST)

Duration: 1 Hour

CPD Points: CPA and CA ANZ eligible

About the course

For many organisations, accounts payable can come with uncertainties. When there are questions around timing of expenditure and the amounts due, we talk about provisions.  

AASB 137 sets out the recognition, measurement and disclosure requirements of provisions. It also deals with contingent assets and contingent liabilities. This course explains the concept and accounting treatment of provisions, contingent liabilities and contingent assets according to AASB 137 using practical examples and interim tests to enhance understanding.

 

How to enrol 

How to enrol on the course infographic

Our training is different because

Flexible access from any location convenient to you.

Leverage the power of the PwC global knowledge base.

High quality, interactive training material.

Certificates are issued promptly upon the completion of the course.

Access to course content for up to 6 months from enrolment.

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Course overview

Learning outcomes

After successful completion of this course you will:

  • understand the concept and define key characteristics of provisions
  • to understand the concept of contingent liabilities and contingent assets
  • distinguish contingent liabilities from liabilities and provisions
  • apply the definition of “probable”
  • identify recognition criteria for provisions
  • understand how to measure provisions in different situations
  • define accounting treatment of provisions, contingent liabilities and contingent assets
  • identify specific type of provisions, like onerous contracts and restructuring provisions

Qualifications

You will receive a Certificate of Completion upon successful completion of the course. This course is eligible to claim professional development points from CPA and CA ANZ.

Prerequisites

There are no prerequisites for this course.

Who should complete?

Our AASB eLearns are industry agnostic and are applicable to most organisations. We can help upskill yourself, your finance team, or your entire organisation. 

Pricing

Price per module per user (AUD) – $120 (inc. GST)

How to pay

We offer a variety of payment methods:

  • Direct debit
  • Credit card
  • Cheque

How to enrol

Register for the course via the Book Now button on this page. You will be taken to our online platform to register your details. We will send you an invoice and upon receipt of payment, you will be granted access to your course. 

 

Delivery

Our eLearns are able to be delivered in clusters that are aligned to individual industry or skills needs. We can tailor a cluster to meet your specific upskilling needs. 

“Excellent trainers with high level expertise, varied content to keep us engaged and quality resources leave me with confidence that I could implement what I’ve learned.”

“The presenters really helped to link the course material to real life situations. They were very professional and helped make the course very enjoyable.”

“Excellent trainers with high level expertise, varied content to keep us engaged and quality resources leave me with confidence that I could implement what I’ve learned.”

“The presenters really helped to link the course material to real life situations. They were very professional and helped make the course very enjoyable.”

“Thoroughly enjoyable learning experience, facilitated to an excellent standard – Well adapted to the diversity of skill within the group.”

Fantastic course professionally run by a ‘real’ auditor working in the field which allowed for a fantastic bridge between theory and practical examples.

“Very informative and enjoyable course. Excellent materials and tools in the course and to take home. Excellent value for money. The trainer did a great job of keeping us engaged and learning. I will do future training through PwC.”

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