Under the IAS accounting standards a provision for maintenance cannot be recognised unless there is an obligation to an external party and it meets the recognition criteria.
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Q6: IAS1/AASB 101 distinguishes between expenses and losses
Q7: An example where accountants normally decide that
Q8: The statements concerning the matching concept that
Q9: Under the FASB's Concept Statement No 6,the
Q10: Accountants demand objective strong evidence for the
Q12: The Framework links the definition of expenses
Q13: Under the Framework which of the following
Q14: When depreciating assets using the allocation of
Q15: The Framework specifically states that the matching
Q16: Treating assets as expenses is a way
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