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Fill dec 2018- proviso for reconditioning costs

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Fill dec 2018- proviso for reconditioning costs

  • This topic has 1 reply, 2 voices, and was last updated 3 years ago by Stephen Widberg.
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  • August 9, 2021 at 9:23 am #630878
    Noah098
    Member
    • Topics: 935
    • Replies: 352
    • ☆☆☆☆☆

    sir would it be wrong to state that a provision will be created for reconditioning costs, as there is a constructive obligation(from PAST PRACTICE) to carry out reconditioning every two years?

    August 9, 2021 at 10:00 am #630879
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3411
    • ☆☆☆☆☆

    You cannot make provisions for ‘fixing’ or ‘improving’ NCA. Please revisit our FR lectures on provisions.

    If you don’t HAVE TO DO IT, then no provision.

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