provisionForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › provisionThis topic has 1 reply, 2 voices, and was last updated 2 years ago by Stephen Widberg.Viewing 2 posts - 1 through 2 (of 2 total) AuthorPosts August 2, 2021 at 10:01 am #630103 Noah098MemberTopics: 935Replies: 352☆☆☆☆☆sir provision should be recognised based on actual cost, as far as IAS 37 is considered. but sir if the actual cost is only aviable after the authorisation of FSs then what do we do? adjusting event or non-adjusting event? August 2, 2021 at 11:01 am #630110 Stephen WidbergKeymasterTopics: 15Replies: 3212☆☆☆☆☆SFP will show an estimate.Difference between estimate and actual cost goes in next year’s P&LNo point in using jargon such as adjusting etc as you will confuse yourself and the markerAuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In