This page is dedicated for UPSC/IAS Prelims from Current Affairs in the form of Daily Current Affairs Quiz.. C. Quiz: Will You Pass Your Exams? 3 thoughts on “ Quiz: IAS 2 Inventories (Conceptual) ” Mehtab Hassan July 11, 2016 at 12:58 pm. Featured Quizzes. BC14-16) Interaction with requirements for impaired assets (para. [Skip Breadcrumb Navigation]: [Skip Breadcrumb Navigation] Home: Multiple choice questions: No Frames Version Multiple choice questions. 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 9 Questions – Inventory and IAS 2. Preview this quiz on Quizizz. The questions would mostly be Current Affairs based on sources like ‘The Hindu’, ‘Indian Express’ and ‘PIB’.The questions are focused on both the concepts and facts. Financial Instruments: Presentation and Disclosure. FA Chapter 5 Questions – IAS 37 – Provisions, Contingent Liabilities and Contingent Assets. B)There is no difference between IAS 37 and U.S.GAAP with respect to restructuring provisions. C)IAS 37 does not allow recognition of a restructuring provision until a liability has been incurred. FA Chapter 10 Questions – Books of Prime Entry. Onerous Contracts - Cost of Fulfilling a Contract (paragraph 68A) (BC1-BC21) BC1; The cost of fulfilling a contract (paras. 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. 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. 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 You are just about to attempt the quiz about the IAS 37 Provisions and Contingencies. Daily Current Affairs Quiz UPSC IAS for 2019-20. Take our quiz on IAS 37 to assess yourself. IAS 37: Implementation Guidance; IAS 37: Illustrative Examples; IAS 37: Basis for Conclusions. FA Chapter 7 – No tests. Quiz can be taken a total of 5 times. IAS 37 Provisions and Contingencies. FA Chapter 6 Questions – Depreciation. BC18-BC19) Gs Quiz-1 [ias-2010] Gs Quiz-1 [ias-2010] Quiz: Will You Pass Your Exams? FA Chapter 8 Questions – Irrecoverable Debts and Allowances. FA Chapter 5 Questions IAS 37 – Provisions, Contingent Liabilities and Contingent Assets Spread the word Please spread the word so more students can benefit from our study materials. BC2-BC13) Examples (paras. A. 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