Skip to content

Ask the Tutor ACCA AAA

provisions

Ddennis7y ago
If you have a probable fine which will be spread evenly over the next ten years, the first payment being on the first day of the next period.....will there be a provision for the first payment plus the other nine payments each discounted to present value? Thanks for your help.
KimKimTutor7y ago#1
Yes. Provide for the present value of the probable cash flows.
Sign into reply to this topic.