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Explain, quantifying your answer where necessary and including reasons, how you would account for each of these items in compliance with IAS 37. [12


 

Explain, quantifying your answer where necessary and including reasons, how you would account for each of these items in compliance with IAS 37. [12 marks] Discuss whether the requirements of IAS 37 help to make financial statements relevant, reliable, comparable and understandable. [13 marks]

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Answer To address the first part of the question Ill explain how to account for each item mentioned in compliance with IAS 37 which deals with provisions contingent liabilities and contingent assets P... blur-text-image

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