Coleshill Co is closing down a division. The board has
prepared detailed closure plans which have been
communicated to customers and employees.
is this provision required or not?
I put the answer provision required but the book says its wrong.
Ask the Tutor ACCA FR
need help understanding this
6y ago#1I think it would be because it is not a present obligation but a future obligation.
Thanks
Am sorry I didn't get you - It would be a provision or would be wrong??
Sorry again, just need that little clarification.
6y ago#3I personally think it should be a provision but it seems that the answer in the book disagrees. I'd need to see the answer in the book to see why they justify that it isn't.
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