Table of Contents
What are provisions?
In contrast to liabilities, provisions are indefinite in terms of their amount. That is why the question arises for each provision as to the amount to be formed.
Provisions according to HGB (Section 253, Paragraph 1)
According to the German Commercial Code (§ 253, Paragraph 1) and WRS, provisions may only be recognized in the amount that is necessary based on a reasonable commercial assessment.
A reasonable assessment standard can only be that assessment which is inherently logical and which can be objectively justified. It is therefore an assessment that a third party would also reach under otherwise identical circumstances.
To the extent that there is an obligation to make a passivation, the provision must be measured in such a way that the expected risk is covered. Is z. If, for example, an obligation is basically determined, deviations between the amount of the provision and the later actual obligation may only be caused by the uncertainty inherent in an estimate. In this respect, the merchant has no right of disposition.
The estimate of their amount depends on the type of provision. It can be a rough estimate. However, more exact calculation methods can also be used.
Special commercial and tax regulations apply to:
- Pension provisions
- Provisions for impending losses from pending contracts (not possible under tax law)
- Provisions for guarantee and commission obligations
- Provisions for bill liabilities
- Provisions for the costs of the annual financial statements.