Please enable JavaScript.
Coggle requires JavaScript to display documents.
Provision (example NO PROVISION (future operating loss, foreign exchange…
Provision
example
NO PROVISION
future operating loss
foreign exchange risks
political risks
maintenance
general undetermined restructuring projet
recognize 3 conditions MET
present obligation
probable outflow resources
economic benefit
retable estimate made
example
reimbursement
Onerous contracts
location
Restructuring
see slide 29
Initial measurement
amount recognized
best estimate
amount entity will pay
rationally pay
settle the obligation
end of reporting period
transfert the obligation
third party at that time
lower of full value
subjective way to evaluate
condition
expected value
probability weighted
most likely outcome
measurement leeway (marge)
measurement
Factors
risks and uncertainties
best estimation
risk adjustment
caution
Present value
time value
Future events
sufficient objective evidence
subsequent
review end each year
ajuste to reflect current best estimate
no more 3 condition met
reversed provision
used only for what it created
liability of uncertain timing and amount
proba > 50%
ALWAYS involve another party
obligation owed
obligation event
no realistic alternative
to settle
constructive obligation
established partner of practice
published policies
sufficiently specific current statement
legal mais plus pour l'image
example
lowest price commitment
new law reduction of CO2-Emissions
legal obligation
contract
legislation
other preparation law
obligatoire
example
2y warranty for good sold
