Page 151 - SBR Integrated Workbook STUDENT S18-J19

Events after the reporting period, provisions and contingencies

Events after the reporting period

1.1 Definition

An event after the reporting period is one which occurs between the
reporting date and the date when the financial statements are
authorised for issue.

1.2 Accounting for events after the reporting period

Event after the reporting period

Gives evidence Does not give
about evidence about
conditions at conditions at
reporting date reporting date

If no impact on
Adjust financial Impacts going going concern
statements concern
then do not
adjust financial
statements.

If material,
disclose effect.

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