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Provision- restructuring

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Provision- restructuring

  • This topic has 3 replies, 2 voices, and was last updated 1 year ago by Stephen Widberg.
Viewing 4 posts - 1 through 4 (of 4 total)
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  • June 2, 2021 at 9:55 pm #622846
    nk16
    Participant
    • Topics: 70
    • Replies: 37
    • ☆☆

    They are two criteria for restructuring provision…
    1)The detailed plan of restructuring 2)it should be communicated to those affected…
    Does it need to meet both criteria to recognize the restructuring provision…or we can still recognize when only one criteria that the detailed plan have been formed according to scenerios given

    June 3, 2021 at 8:40 am #622904
    Stephen Widberg
    Keymaster
    • Topics: 12
    • Replies: 2843
    • ☆☆☆☆☆

    Both criteria are needed.

    If necessary recap provisions lecture in our FR lectures

    June 3, 2021 at 8:48 pm #622994
    nk16
    Participant
    • Topics: 70
    • Replies: 37
    • ☆☆

    If that’s the case then why In specimen exam 1 Qn 1 they recognize the provision while only one criteria met n the other criteria that of no communication was not met….
    Why did they recognize it as provision

    June 4, 2021 at 9:38 am #623086
    Stephen Widberg
    Keymaster
    • Topics: 12
    • Replies: 2843
    • ☆☆☆☆☆

    The rule is as I stated above. Perhaps an assumption was made in the answer that both criteria had been met.

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