Provision: Difference between revisions
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imported>Doug Williamson (Spacing.) |
imported>Doug Williamson (Link with IAS 37.) |
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A form of liability where there is uncertainty as to the amount and timing of final settlement. | A form of liability where there is uncertainty as to the amount and timing of final settlement. | ||
Relevant accounting standards include Section 21 of FRS 102. | Relevant accounting standards include IAS 37 and Section 21 of FRS 102. | ||
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* [[FRS 102]] | * [[FRS 102]] | ||
* [[General provision]] | * [[General provision]] | ||
* [[IAS 37]] | |||
* [[Liabilities]] | * [[Liabilities]] | ||
* [[Term]] | * [[Term]] | ||
[[Category:Compliance_and_audit]] | [[Category:Compliance_and_audit]] | ||
Revision as of 19:12, 26 March 2016
1.
Accounting.
A form of liability where there is uncertainty as to the amount and timing of final settlement.
Relevant accounting standards include IAS 37 and Section 21 of FRS 102.
2.
Law.
A significant individual part of a law, for example a Section in an Act of Parliament.
3.
Contract law.
A significant individual part of a contract, for example a clause or a term in a contract.
