{"id":96828,"date":"2020-12-28T17:59:28","date_gmt":"2020-12-28T12:29:28","guid":{"rendered":"https:\/\/www.vskills.in\/certification\/tutorial\/?page_id=96828"},"modified":"2024-04-12T14:25:30","modified_gmt":"2024-04-12T08:55:30","slug":"changes-in-provisions","status":"publish","type":"page","link":"https:\/\/www.vskills.in\/certification\/tutorial\/changes-in-provisions\/","title":{"rendered":"Changes in Provisions"},"content":{"rendered":"\n

Provisions should be reviewed at each balance sheet date and adjusted to reflect the current best estimate. If it is no longer probable that an outflow of resources embodying economic benefits will be required to settle the obligation, the provision should be reversed.<\/p>\n\n\n\n

Use of Provisions<\/strong><\/p>\n\n\n\n

Only expenditures that relate to the original provision are adjusted against it. Adjusting expenditures against a provision that was originally recognised for another purpose would conceal the impact of two different events.<\/p>\n","protected":false},"excerpt":{"rendered":"

Provisions should be reviewed at each balance sheet date and adjusted to reflect the current best estimate. If it is no longer probable that an outflow of resources embodying economic benefits will be required to settle the obligation, the provision should be reversed. Use of Provisions Only expenditures that relate to the original provision are…<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-96828","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"\nChanges in Provisions - Tutorial<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vskills.in\/certification\/tutorial\/changes-in-provisions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Changes in Provisions - Tutorial\" \/>\n<meta property=\"og:description\" content=\"Provisions should be reviewed at each balance sheet date and adjusted to reflect the current best estimate. 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