IASEI L17 Provisions, Contingent Liabilities and Contingent Assets (AS-29)
Channel: Studio IIT Bombay
Date: 2016-05-31

This is 17th session of Implementation of Accounting Standards in Educational Institutes Workshop. It was delivered by Mr. Anand Banka from IIT Bombay. 

In this session he talked about what is provisions, contingent liabilities and contingent assets, what is the difference between liabilities, provisions and contingent liability and he gave some basic concepts of liability, provisions, contingent liability and onerous control, he gave example of onerous control, what is provision for depreciation.  

The syntax used in the video title is as follows :
IASEI - Implementation of Accounting Standards in Educational Institutes
L17 - Lecture 17

This Implementation of Accounting Standards in Educational Institutes Workshop was conducted from May 11 to May 15, 2014, under T10KT project, sponsored by NMEICT, MHRD, Government of India, New Delhi.