Provision: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Link with IAS 37.) |
imported>Doug Williamson (Add link.) |
||
| Line 31: | Line 31: | ||
* [[Liabilities]] | * [[Liabilities]] | ||
* [[Term]] | * [[Term]] | ||
* [[Zero rate provision]] | |||
[[Category:Compliance_and_audit]] | [[Category:Compliance_and_audit]] | ||
Revision as of 20:40, 18 June 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.
