Restructuring Provisions: What Qualifies and Which Costs Go In
This lesson is part of the course
In this lesson
You sort the cost list for the Eastfield plant closure into what belongs in the restructuring provision, book the entry, and decide whether a plan that was only approved by the board already creates a provision.
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Lessons in this course
- Recognise, Disclose or Ignore? The IAS 37 Decision Table Locked
- Best Estimate for a Large Population: Expected Value of Warranties Locked
- Best Estimate for a Single Obligation: the Most Likely Outcome Locked
- Discounting a Provision and Unwinding the Discount Locked
- Decommissioning & Restoration: Provision Added to the Asset Cost Locked
- Onerous Contracts: Unavoidable Costs vs Economic Benefits Locked
- Restructuring Provisions: What Qualifies and Which Costs Go In Locked
- The Provision Movement Table: Opening, Additions, Used, Released, Unwinding, Closing Locked