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IAS37Provisions,contingentliabilitiesandcontingentassetsSyllabusC7第1页

Provision AliabilityofuncertaintimingoramountShouldnotbeusedininternationalaccountingtorefertonormalaccountingestimates(e.g.fordepreciation,doubtfuldebts)F72第2页

RecognitionOnlyrecognisedwhere:anentityhasapresentobligation(legalorconstructive)asaresultofapasteventitisprobablethatatransferofeconomicbenefitswillberequired,andareliableestimatecanbemadeoftheamountoftheobligation.F73第3页

ContinuedWhetherthereisapresentobligationasaresultofapasteven

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