Scope of ICDS X: provisions and contingent liabilities guidance, excluding financial instruments, executory contracts, insurance, revenue and asset adjustments. ICDS X addresses the accounting treatment of provisions and of contingent assets and contingent liabilities, while expressly excluding matters arising from financial instruments, executory contracts, and insurance contracts with policyholders. It does not cover revenue recognition, depreciation, impairment of assets, or accounting for doubtful debts, each of which is governed by other specific standards. ICDS X therefore applies to creation and measurement of provisions and contingent items only where no other applicable ICDS or accounting guidance prescribes treatment.