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Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams
hi sir ,
in case i have a constructive obligation , for cleaning of $4000 every 5years . when i am creating my oil company on 31/12/2021 how can record the provisions in the SFP ? (ignoring the interest rate)
DR ????
CR Provisions 4000
Why are we making provision of 拢15m and not only 拢6m being the maximum constructive obligation.As these are 3 different scenarios and is it correct to make provision for all 3? Slightly confused.
Thanks
I get there are 3 different projects in this question probably that’s why we are doing 拢15 m provision but what if there was one project with 3 different scenarios having 3 different costs?
why did you take $6m as a provisions? it’s a future operating loss and thus couldn’t meet the definition of IAS 37. can you please explain this?
Because there is a constructive obligation to clean
being honest
your very first few lectures were understandable. However, but now it seems like I am not getting anything you saying and kinda confusing to me as well
I think if possible if you can make it more easier to understand then it would be really helpful.
because these topics are crucial and we need to understand all these in a simpler form.
Still not updated for contingent assets? 馃檨
The diagram was correct