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Provisions for liabilities and benefits- It?s easy!

Publication date: 2013-06-04 17:18:11

Reserves - are classified as liabilities whose timing or amount of the payment is uncertain. How to make sure you create them in the correct amount?

That's easy! Just use the module "Provisions for liabilities and benefits." You will find that with this solution, counting reserves becomes very easy and less time consuming. 24iValue with basic information helps to identify the provisions tailored to what is happening in the company.

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24iValue system imitates the process of thinking and action of a "conventional" valuation or accounting expert, and together with the user it solves the accounting or reporting problem.

For example: valuation of financial instruments, market valuation of certain assets, corporation income tax, deferred taxes, cash flow statement, finance lease accounting and establishes provisions for liabilities (including provision for retirement bonus) or provisions on assets inventories, accounts receivable, and fixed assets.

With 24iValue, you can minimise the risk of material errors and improve the quality of financial reporting and corporation tax.

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