September 2025 ACCA Exams

How was your exam? Comments & Instant poll >>

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for December 2025 exams.
Get your discount code >>

ias 37

This topic has 1 reply, 2 voices, and was last updated 8 years ago by MikeLittle.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
August 29, 2017 at 5:56 pm #404128
adarsh1997
Participant
- Topics: 646
- Replies: 282
Hi Mike!
Concerning restructuring, could you explain how cost of retaining the staff, marketing costs are not included in the provision calculation?
In what way they do not satisfied the criteria of IAS 37 so that they are not included in the provision?
August 29, 2017 at 11:34 pm #404187
MikeLittle
Keymaster
- Topics: 27
- Replies: 23333
We have no control over the staff – they may leave at any time … so they fail to satisfy the definition of an asset (a resource over which we have control …)
Marketing costs sound to me very much like period costs to be expensed in the year in which they are incurred
OK?
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

The topic ‘ias 37’ is closed to new replies.