Nov 18, 2024
6:39:03pm
6:39:03pm
It’s called a reverse provision, and yes, you can do it, but you better have
really good support for doing it. You won’t find anything in GAAP that prohibits doing this.
What it really means is you got your allowance wrong and you are fixing it in the current year. It’s better to fix it than have it be overstated.
What it really means is you got your allowance wrong and you are fixing it in the current year. It’s better to fix it than have it be overstated.
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- UNLVcougar
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- Oct 3, 2001
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- Nov 18, 2024
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