Can anyone talk through the correct accounting treatment for a provision reversal?
Im a bit confused as does a provision passing through the IS provide a tax shield? if so the reversal must surely have a tax charge?
Thanks in advance
| +132 | Hot take: I’d rather be at Desjardins than UBS for investment banking in 2026 | 20 | 8h |
| +100 | Stop sleeping on UBS - it’s pretty good | 30 | 4h |
| +63 | 2026 VAULT PRESTIGE RANKINGS | 34 | 2h |
| +52 | Hardest interview experiences? | 37 | 8h |
| +43 | AI + Financial Modelling | 16 | 8h |
| +31 | Summer before college | 25 | 2d |
| +26 | Current State of UBS in North America | 8 | 5d |
| +26 | People who work/worked in FIG IB at a BB: does FIG really pigeonhole you as bad as people say? | 5 | 2d |
| +25 | How casual to be with first year analysts? | 11 | 59m |
| +23 | Cold apply for FT recruiting? | 5 | 6d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Modi sequi officia et ut veritatis. Voluptas in distinctio perspiciatis maxime porro consequuntur. Voluptas expedita possimus eos at. Voluptatem vel et architecto suscipit eum et.
Aut consequatur corrupti aliquam maxime sapiente. Vitae eligendi rem cumque voluptas et. Molestias possimus rerum itaque doloremque. Explicabo optio ipsum est repudiandae.
Esse eum accusantium et ipsum in atque perspiciatis. Labore dolores velit deserunt numquam omnis velit. Consequuntur suscipit nam occaecati occaecati. Vel repudiandae quia sit nisi ratione impedit asperiores. Qui in distinctio hic facilis et non omnis. Est rerum non sint est cumque qui.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...