• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • FIA Forums
  • CIMA Forums
  • OBU Forums
  • Qualified Members forum
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for June 2026 exams.
Get your discount code >>

Provisions

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Provisions

  • This topic has 1 reply, 2 voices, and was last updated 6 years ago by P2-D2.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • February 16, 2020 at 2:44 pm #562012
    k2mccabe
    Participant
    • Topics: 4
    • Replies: 4
    • ☆

    In one of the practice questions in BPP it asks to report the total provision to be shown in the SFP. They have included the provision for restoration of seabed and for dismantling of equipment, they have also added the unwinding of the discount. I thought this was a finance cost to be shown on SPL. Can you please clarify? Cheers

    February 17, 2020 at 8:11 pm #562163
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7232
    • ☆☆☆☆☆

    Hi,

    The entry for the unwinding of the discount is to DR Finance costs CR Provision. The amount of the provision therefore increases by the amount of the unwinding.

    Thanks

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE Exams – Instant Poll

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • SEARELE on Bank Reconciliations (b) – ACCA Financial Accounting (FA) lectures
  • hasnaraw on Group SFP – Basic consolidation (revision) – ACCA Financial Reporting (FR)
  • Aadhi69 on Groups – Other points – ACCA SBR
  • Aadhi69 on Basic group structures – SFP workings and adjustments – ACCA (SBR) lectures
  • Hopemas on MA Chapter 2 Questions Sources of Data

Copyright © 2026 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in