2015年ACCA考试《F7财务报告》重要讲义.docVIP

2015年ACCA考试《F7财务报告》重要讲义 1 本文由高顿ACCA整理发布，转载请注明出处 　　I. The accounting problem Before IAS37 provisions were recognized on the basis of prudence， little guidance was given on when a provision should be recognized and how it should be measured. This gave rise to inconsistencies， and also allowed profits to be manipulated. 　　Some problems are noted below： a Provisions could be recognized on the basis of management intentions， rather than on any obligation to be entity; b Several items could be combined into one large provision. There were known as ‘big bath’ provisions; c A provision could be cr