Technical Summary Of IAS 10 Events after the Balance Sheet Date
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.
- GLOSSARY of Accounting Terms – E
- What are the Accounting Treatment and give examples of Non-Adjusting Events After The Balance Sheet Date
- Technical Summary Of IAS 1 Presentation Of Financial Statements
- Technical Summary Of IFRS1:First Time Adoption of International Financial Reporting Standards
- WHAT ARE THE UNDERLYING ASSUMPTIONS AND CONSTRAINTS IN THE PREPARATION OF THE FINANCIAL STATEMENT. ALSO EXPLAIN WHAT ARE THE DIFFERENCE BETWEEN ACCOUNTING POLICIES AND ACCOUNTING PRINCIPLES.