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IAS 37

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IAS 37

  • This topic has 1 reply, 2 voices, and was last updated 10 years ago by MikeLittle.
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  • August 6, 2014 at 12:50 pm #186607
    kat
    Member
    • Topics: 11
    • Replies: 13
    • ☆

    I have a building that is held for sale. Some restructuring of the operations are going on due to the sale of the building. Under IAS 37, I recognise provision due to the restructuring and I have to ensure that the gain from the sale has not been taken into account when measuring the provision. Why is it so?

    August 6, 2014 at 1:16 pm #186613
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    Because until it’s sold you haven’t achieved the gain!

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