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Restructuring provision

This topic has 3 replies, 2 voices, and was last updated 10 months ago by Stephen Widberg.

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August 31, 2021 at 8:53 pm #633719
humai
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Hello

Restructuring provision can only be recognized if there is a detailed approved formal plan of restructuring and entity has raised valid expectation in those affected by starting to implement the plan or announcing its main features to those affected. Right?
September 1, 2021 at 7:22 am #633745
Stephen Widberg
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Yes – that is correct = Constructive obligation = Recognise provision
September 1, 2021 at 9:15 am #633773
humai
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So we have to write both things that either entity has started to implement the plan or announced its main features to those affected. Right?
September 2, 2021 at 7:24 am #633912
Stephen Widberg
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Both things. It is an AND not an OR.
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