Accounting for liabilities and provisions
  • Parent company financial statements under French GAAP - Accounting production: How to produce parent company financial statements under French GAAP
  • Off-balance sheet commitments - Off-balance sheet commitments
  • Financial statements and appendices - Balance sheet, income statement, cash flow statement, statement of changes in equity, ICOs, appendices
  • IFRS - International Financial Reporting Standards (IFRS)

Mastering a complex environment

Target audience

- Management controllers
- Accounting and consolidation managers
- Chartered accountants
- Accounting managers
- Consolidation managers
- Finance managers

1 day


No special prerequisites are required.


- Master the principles of liabilities and provisions under French GAAP and IFRS: valuation, presentation, disclosure
- Know how to apply these concepts and put them into practice


> The definition of liabilities and its strict application under IAS 37

- The operative event
- Present and constructive obligations
- The notion of "contingent liability

> Criteria for recognizing provisions under French GAAP and IFRS: practical examples

> The impact of discounting and accounting for accretion

> Evaluation methods: initial and final

> Specific applications

- Loss-making contracts
- Restructuring
- Decommissioning provisions: understanding and applying IFRIC 1 and IFRIC 6
- Residual differences between French GAAP and IFRS - Second-tier
maintenance expenditure

> Current or non-current: classifying provisions, and the impact of this classification

> Taking post-balance sheet events into account when valuing provisions

> Information to be provided in the appendix

> Liabilities recognized for taxes (IFRIC 21) and uncertain tax positions (IFRIC 23).

Why choose this course?

Provisions are traditionally a key issue at the end of the financial year.
This course will help you master the accounting treatment of provisions and the rules specific to loss-making contracts, restructuring, discontinued operations and post-closing events under IFRS and French GAAP.

Pedagogy and assessment methods

During the session: each point covered is accompanied by practical examples and published financial statements. Case studies, interactive quizzes and discussions during the session ensure that you acquire the knowledge you need.
After the session: summary sheet and video.
The trainer is available to answer any training-related questions.





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Jonathan C.