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Please could you sort and define the Provisions separately ? how can it be recorded in the end of the accounting period ?

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Question ajoutée par Abdullah Aziz Eldain Morsi Elgendy - CMA Candidate , Regional Receivable Accountant , Amiantit Group of Companies
Date de publication: 2016/09/28
MUHAMMAD SHABBIR SHAFI CHAUDHARY
par MUHAMMAD SHABBIR SHAFI CHAUDHARY , Cost Controller , Al-Khalij cement Company

According to IAS (37), any liability of uncertain timing or amount will be called provision. Any entity must recognition a provision if, and only if:

1) - A present obligation has risen as a result of a past event.

2) - Payment is probable

 

3) - Amount can be estimated.

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