Recording Incident-Linked Amounts
When the incident has been declared, we can record amounts linked to the incident and its consequences, for example losses.
A loss is the negative financial consequence of an incident.A gain is the positive financial consequence of an incident.A provision is an amount deducted from the result to cover incident risks or unexpected charges. Several provisions can concern one and the same risk.A recovery is a sum, which in certain circumstances can reduce the amount of losses linked to an incident. It enables recovery of a proportion of the amounts involved in the incident.