Accounting for provisions
  • Company accounts under French GAAP - Know how to prepare company accounts in French GAAP.
  • Financial statements and notes - Know the balance sheet, the income statement, the cash flow statement, the statement of changes in shareholders' equity, the OIC, the notes.
  • IFRS standards - International Financial Reporting Standards
  • Off-balance sheet - Off-balance sheet commitments and contingencies

Target audience

- Accounting managers
- Chartered Accountants, Statutory Auditors
- Consolidation and Accounting Directors
- Consolidation managers
- Financial managers
- Management controllers

1 day


This training does not require any particular prerequisite.


– Master the accounting treatment of provisions, contingent liabilities and contingent assets under IFRS and French GAAP: recognition criteria, measurement and disclosure
– Be able to apply the principles in practice

Detailed content

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

– Recognition criteria
– Present obligation: legal or implicit obligation
– Contingent liability

> Practical examples of provision recognition under IFRS and French GAAP

> Measurement: upon initial recognition and at subsequent period end(s)

> How to discount a provision and to account for the passage of time

> Specific accounting treatments

– Loss at completion
– Onerous contracts
– Restructuring and discontinued activities (IFRS 5)
– Dismantling provision: understanding and applying IFRIC 1 and IFRIC 5
– Residual differences between French GAAP and IFRS: regular major inspection costs

> Reassessing provision when events occur after the reporting period

> Current and non current liabilities: classifying provisions and consequences

> Information to disclose in the notes

> Standard-setting discussions (IFRIC 21 and IFRIC 23)

Why should you attend?

Traditionally, provisions are a significant issue when preparing financial statements. French GAAP requirements have increased significantly in order to converge with IFRS: most issues are now the same under both standards.
This training enables to acquire practical knowledge in recognition, measurement and disclosure of provisions, and in the specific rules for onerous contracts, restructuring discontinued operations and subsequent events in both frameworks.

Training methods and assessment

For each topic covered, real-life examples are taken from published financial statements.
A final quiz allows participants to check their understanding of the topics covered.
Assessment questionnaire.
A training certificate is delivered at the end of the session.

The trainer is available by e-mail to answer any follow-up questions participants may have.


1 020 € Excl. VAT – 1 224 € Incl. VAT



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Jonathan C.