The Principle of Prudence and the Constituency of Provisions

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.

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Year of publication:	2008
Authors:	Tudorache, Saveta ; Bratu, Anca ; Gurau, Mariana
Published in:	Manager Journal. - Facultatea de Administraţie şi Afaceri, ISSN 1453-0503. - Vol. 8.2008, 1, p. 77-84
Publisher:	Facultatea de Administraţie şi Afaceri
Subject:	provisions \| legal obligation \| implied obligation \| prior event \| uncertain value

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Extent:	application/pdf text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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