The requirement of IAS 37/AASB 137 that a provision must satisfy the definition of a liability means which of these is not regarded as a liability?

Name: The requirement of IAS 37/AASB 137 that a provision must satisfy the definition of a liability means which of these is not regarded as a liability?
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Quizplus · Accepted Answer

A provision for doubtful debts is not regarded as a liability under IAS 37/AASB 137 because it is an adjustment to the carrying amount of receivables, not a present obligation resulting from past events.

The Requirement of IAS 37/AASB 137 That a Provision Must