Provisions•IAS 37, IFRIC 1, IFRIC 21
Provisions & Contingencies
Provision cases, contingencies, onerous contracts, restructuring, restoration obligations, discounting, and disclosures.
Create obligation cases, assess recognition criteria, measure best estimates, discount long-term obligations, unwind finance costs, track settlements and reimbursements, and disclose contingent assets/liabilities appropriately.
Workflow
Obligation and probability assessment
Measurement and discounting
Review, unwind and settlement
Journals and disclosures
Outputs
Provision register
Unwind schedules
Settlement and reimbursement journals
IAS 37 disclosure evidence
Management Decisions
Highlight legal, environmental, onerous-contract and restructuring exposures
Connects with the wider platform
Standalone product, shared compliance evidence.
Provisions & Contingencies can be purchased and operated on its own. When combined with other Clarevon products, its journals, schedules, disclosures, controls, audit evidence and compliance signals flow into the same Accounting Compliance Center, reporting engine, audit trail, ERP integration layer and AI assistant.