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Journal entryAdvancedVariant — group VG.IAS37.000018Published

Question · Restructuring provision: eligible expenditures

Quinsavel is eliminating its regional management layer; the constructive obligation exists at 31 December. Estimated costs: compensation of the managers made redundant 610,000; exit from the service contracts of the closed regional offices 75,000; training of continuing managers in the new organisation 48,000. Record the provision entry.

Compensation of managers made redundant
610,000
Exit costs of service contracts
75,000
Training of continuing managers
48,000
Your answer
  1. Line 1

    Account Restructuring expense

  2. Line 2

    Account Restructuring provision

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