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DISCOUNTING AND PROVISIONS

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › DISCOUNTING AND PROVISIONS

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by P2-D2.
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    Posts
  • March 24, 2021 at 10:54 am #615117
    ABDULLAHI312
    Participant
    • Topics: 89
    • Replies: 74
    • ☆☆

    Hi
    example 1 on page 54 of the notes.
    Suppose we made the payment after one and half year from the date that we were notified, how will the discounting be done? should i discount back 2years and unwind for the number of months to the reporting date. Again i will be exaggerating on the provisions at the date of notification.

    thanks.

    March 27, 2021 at 7:20 am #615292
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 6443
    • ☆☆☆☆☆

    Hi,

    No you would need to discount by one and a half years but that is not going to be seen in the exam. You will only ever be given full years to discount by.

    Thanks

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