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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Provisions
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 ?
Good Q
Assume I’m being sued and will probably lose and will probably be covered by insurance
Recognise provision and disclose contingent asset
okay got it. Thank you.
My pleasure.
