Provisions arise for many different reasons at all types of entities and are estimates rather than known amounts. Accounting estimates are subject to inherent uncertainties, which can make the accounting more complicated. Therefore, proper accounting for, and disclosure of, these uncertainties and the key assumptions made by management is critical! In this CPE-eligible eLearning course (1.5 CPE), we'll evaluate the requirements for accounting for provisions and contingencies under IAS 37.