Darlatt Sep/Dec 17 – Forward Contracts

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May 29, 2018 at 5:01 pm #454667
jdeally
Member
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For Forward Contracts, not settled in Cash, that are treated as ‘normal business transactions’ rather than under IFRS9, why are these ignored in the statements, and not treated as a Provision, since we would appear to have a obligation arising from the contract?
Thanks.
May 30, 2018 at 11:38 am #454864
P2-D2
Keymaster
- Topics: 4
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Hi,

Provisions are accounting for uncertainty and there is no uncertainty surrounding this contract.

Thanks
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