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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › provisions
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.
Yes. Provide for the present value of the probable cash flows.
