The Principle of Prudence and the Constituency of Provisions
Journal Title: Manager Journal - Year 2008, Vol 8, Issue
Abstract
Provisions are constituted for the purpose of complying with the principle of prudence These are comprised into annual expenses until they are used. Their destination is to cover the expenses that prior or actual events make them possible. Indirectly, the provisions represent the equivalent of probable debts generating loss or expense.
Authors and Affiliations
Saveta Tudorache, Anca BRATU, Mariana Gurau
Keywords
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