PROVISIONSForums › ACCA Forums › ACCA SBR Strategic Business Reporting Forums › PROVISIONSThis topic has 4 replies, 2 voices, and was last updated 14 years ago by black.Viewing 5 posts - 1 through 5 (of 5 total)AuthorPosts November 30, 2010 at 2:25 pm #46427 blackMemberTopics: 10Replies: 16☆what is decommisioning or abandonment cost with reference to IAS 37 ? November 30, 2010 at 8:49 pm #72150 MikeLittleKeymasterTopics: 27Replies: 23280☆☆☆☆☆Decommissioning ( in the context of, for example, a nuclear power plant ) is where you have to break down / demolish the asset at the end of its life.Abandonment is literally that – walking away from the asset. November 30, 2010 at 11:01 pm #72151 blackMemberTopics: 10Replies: 16☆oh thankyou but why do we want to make a provision for it? December 1, 2010 at 11:01 am #72152 MikeLittleKeymasterTopics: 27Replies: 23280☆☆☆☆☆If we are OBLIGED to decommission – either contractually, legally or even constructively – the it’s an obligation which needs to be recognised. That’s why we provide December 1, 2010 at 6:17 pm #72153 blackMemberTopics: 10Replies: 16☆ok thanku 🙂AuthorPostsViewing 5 posts - 1 through 5 (of 5 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In