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Justyna Jupowicz-Kozak

CEO of Professional Science Editing for Scientists @ prosciediting.com

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income from reversal of provisions

Grammar usage guide and real-world examples

USAGE SUMMARY

The phrase "income from reversal of provisions" is correct and usable in written English.
You could use it to describe the money that a company earns when its provisions are reversed, such as when it reverses a bad debt provision that was made in a previous period. For example, "The company's income was boosted by a $2 million income from reversal of provisions."

✓ Grammatically correct

Academia

Formal & Business

News & Media

Human-verified similar examples from authoritative sources

Similar Expressions

60 human-written examples

Appropriate implementation of this method eliminates numerical instability arising from reversal of intratubular flow direction.

Here is the relevant paragraph – clause 161, goods and services: "(2A) An NHS foundation trust does not fulfil its principal purpose unless, in each financial year, its total income from the provision of goods and services for the purposes of the health service in England is greater than its total income from the provision of goods and services for any other purposes".

The 2015 earnings picture benefited from a one-time income tax reversal of $27.8 million.

News & Media

Forbes

The 3.4 percent decline in net income was a reversal of a trend in which Campbell, the world's largest soup maker, increased net income by cutting expenses.

News & Media

The New York Times

Further incomes from the provision of ancillary services in the electricity system.

4 I dissent from the reversal of this judgment.

The Office for National Statistics calculates this as the average amount of income that people within an area have after taxes, social contributions, income from property ownership, and pension provision.

Time from darting until time of administration of reversal drugs and time from reversal until standing were recorded.

Therefore, late functional recovery from reversible ischemic injury is primarily correlated with reversal of changes in regional geometry, specifically the reversal of diastolic creep.

The FELDA scheme has tremendously transformed the lives of the landless population through provision of shelter, jobs, income from agribusiness shareholding, and ownership of highly valorised land titles.

Total non-transfer income was computed using exhaustive information on all sources of income: agricultural production and/or sales, salaries, wage work and odd jobs, gifts and remittances, income from rents, profits from trade, service provision, and non-farm enterprises of all sorts.

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Expert writing Tips

Best practice

In financial reporting, ensure the "income from reversal of provisions" is appropriately classified and disclosed to comply with accounting standards.

Common error

Avoid incorrectly categorizing "income from reversal of provisions" as part of the core operational revenue. It should be treated as a separate, non-recurring item.

Antonio Rotolo, PhD - Digital Humanist | Computational Linguist | CEO @Ludwig.guru

Antonio Rotolo, PhD

Digital Humanist | Computational Linguist | CEO @Ludwig.guru

Source & Trust

79%

Authority and reliability

3.5/5

Expert rating

Real-world application tested

Linguistic Context

The phrase "income from reversal of provisions" functions as a noun phrase, identifying a specific type of financial gain. This gain stems from the act of reversing previously established provisions. Ludwig AI indicates its usability in written English, particularly in financial contexts.

Expression frequency: Missing

Frequent in

Formal & Business

33%

News & Media

33%

Academia

33%

Less common in

Science

0%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

The phrase "income from reversal of provisions" describes a financial gain resulting from reversing previously set aside provisions, often in accounting contexts. While grammatically sound and accepted by Ludwig AI, its frequency is currently low. It primarily serves the function of categorizing a specific type of income, aiming for clarity in financial reports. Its use is most appropriate in professional settings. Understanding the contexts and potential alternative expressions, such as "revenue from provision reversals", aids in effective communication within finance and business.

FAQs

How does "income from reversal of provisions" impact a company's financial statements?

It increases the company's reported income for the period in which the reversal occurs. This can improve profitability metrics but should be analyzed carefully, as it may not represent recurring operational performance.

What are some alternative ways to describe "income from reversal of provisions"?

You can use phrases like "revenue from provision reversals", "earnings due to reversed provisions", or "profit arising from reversal of reserves", depending on the context and desired emphasis.

Under what circumstances might a company recognize "income from reversal of provisions"?

This typically happens when a company determines that a previously established provision (e.g., for bad debts, warranty claims, or legal liabilities) is no longer necessary, either because the risk has diminished or the liability has been settled for less than the provisioned amount.

Is "income from reversal of provisions" considered a recurring source of income?

No, it is generally not considered a recurring source of income. It's a one-time event that reflects a change in estimate regarding a prior provision. As such, it should be analyzed separately from the company's core operational revenue.

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Source & Trust

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Authority and reliability

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Expert rating

Real-world application tested

Most frequent sentences: