Provisions for liabilities and charges


British Airways, Plc. (BA), Note 30 lists “provisions for liabilities and charges.” Is the threshold for recognizing a liability associated with these items any different under IFRS than it is under U.S. GAAP? Explain. By how much has the total amount of the BA Group's “provisions for liabilities and charges” increased or decreased during fiscal 2009?

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Accounting Basics: Provisions for liabilities and charges
Reference No:- TGS060686

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