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Questions and Answers
¿Cuál es el estándar de contabilidad internacional que trata sobre provisiones, pasivos contingentes y activos contingentes?
¿Cuál es el estándar de contabilidad de los Estados Unidos que trata sobre contingencias?
¿Cuál es el estándar de contabilidad internacional que trata sobre reservas?
¿Cuál es el estándar de contabilidad de los Estados Unidos que trata sobre patrimonio?
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¿Cuál es la norma que establece los requisitos para el reconocimiento de provisiones?
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¿Cuál es la principal diferencia entre provisiones y reservas?
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Study Notes
Provision and Reserve Accounts: Accounting Standards
Provisions:
- A provision is a liability of uncertain timing or amount
- Recognized when:
- It is probable that an outflow of resources will be required to settle the obligation
- A reliable estimate can be made of the amount of the obligation
- Accounting standards for provisions:
- IAS 37: Provisions, Contingent Liabilities and Contingent Assets
- US GAAP: ASC 450: Contingencies
Reserves:
- A reserve is an appropriation of retained earnings for a specific purpose
- Not a liability, but rather a allocation of profits
- Accounting standards for reserves:
- IFRS: No specific standard, but reserves are addressed in IAS 1: Presentation of Financial Statements
- US GAAP: ASC 505: Equity
Key differences between provisions and reserves:
- Provisions are liabilities, while reserves are appropriations of retained earnings
- Provisions are recognized when probable and estimable, while reserves are created when profits are allocated for a specific purpose
- Provisions are expensed when incurred, while reserves are not expensed and remain as equity
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Description
Aprende a distinguir entre provisiones y reservas en la contabilidad. Descubre las normas contables que las rigen, como IAS 37 y US GAAP, y entiende las diferencias clave entre ellas.
