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Compulsory coursework question:
‘IAS37, Provisions, contingent liabilities and contingent assets has undermined the traditional accounting concept of prudence and led to considerable volatility in the reported earnings of many companies.’
Discuss to what extent (if any) you support the above comments.
Provide examples to illustrate your answer.
- The essay must not exceed 1500 words, excluding footnotes and bibliography. In the interest of fairness to all students, lecturers or class teachers cannot comment on individual draft essays.
- The essay should be word-processed (double-spaced in 12-point relevant font such as Times New Roman or Arial). The number of words should be stated on the coursework cover sheet.
- All materials used to prepare this coursework need to be accordingly referenced, as university rules on plagiarism apply.