IAS 37 Provisions, Contingent Liabilities and Contingent AssetsForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IAS 37 Provisions, Contingent Liabilities and Contingent AssetsThis topic has 2 replies, 2 voices, and was last updated 7 years ago by obedevert.Viewing 3 posts - 1 through 3 (of 3 total) AuthorPosts April 4, 2017 at 1:41 pm #380080 obedevertMemberTopics: 1Replies: 1☆Dear Sir,Please can you tell me if warranty provisions are over-stated in one accounting period why is the profit overstated in subsequent periods?Thank youObed April 19, 2017 at 8:10 pm #382712 P2-D2KeymasterTopics: 4Replies: 6907☆☆☆☆☆Hi,This is because the over stated warranty provision is then released in the next accounting period, thus overstating the next periods accounting profitThanks April 20, 2017 at 6:32 am #382766 obedevertMemberTopics: 1Replies: 1☆Thank you so much. I really appreciate your taking time to reply. I would never have this cleared without your help.AuthorPostsViewing 3 posts - 1 through 3 (of 3 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In