Technical Summary of IAS 10 Events After The Balance Sheet Date
Technical Summary Of IAS 10 Events after the Balance Sheet Date
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Objective:
To prescribe the following: (a) when an entity should adjust its financial statements for events after the balance sheet date; and (b) the disclosures that an entity should give about the date when the financial statements were authorised for issue and about events after the balance sheet date.
(a) those that provide evidence of conditions that existed at the balance sheet date (adjusting events after the balance sheet date); and
(b) those that are indicative of conditions that arose after the balance sheet date (non-adjusting events after the balance sheet date).
(a) the nature of the event; and
(b) an estimate of its financial effect, or a statement that such an estimate cannot be made.
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