UK Monthly Provisions


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Hi All,

I am trying to accrue for central cost expenditure each month. The phasing is such that not much has been spent in P1-6 so I have built up an accrual over 6 periods of say £600k as the central cost has not been spent at that point then in the 7th month there is a large £200k expenditure how can I release the accruals against this?

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kirby

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Only release 200K of the accruals. Then estimate what the correct central cost accrual should now be and adjust your 400K accrual (the 600K less the 200K used) to that estimate.
 

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