ProvisionsForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › ProvisionsThis topic has 3 replies, 2 voices, and was last updated 4 years ago by Stephen Widberg.Viewing 4 posts - 1 through 4 (of 4 total)AuthorPosts February 6, 2020 at 3:58 pm #560947 Anuja NairMemberTopics: 365Replies: 353☆☆☆☆Hi sir, how will a company having an insurance policy affect whether it should recognise a provision for a certain item ?Or it wont affect the recognition at all ? February 6, 2020 at 4:54 pm #560953 Stephen WidbergKeymasterTopics: 15Replies: 3355☆☆☆☆☆Good QAssume I’m being sued and will probably lose and will probably be covered by insuranceRecognise provision and disclose contingent asset February 7, 2020 at 9:38 am #560999 Anuja NairMemberTopics: 365Replies: 353☆☆☆☆okay got it. Thank you. February 7, 2020 at 6:20 pm #561033 Stephen WidbergKeymasterTopics: 15Replies: 3355☆☆☆☆☆My pleasure.AuthorPostsViewing 4 posts - 1 through 4 (of 4 total)The topic ‘Provisions’ is closed to new replies.