Page 149 - FAC4861_3 Unisa Test 4 slides

EVENTS AFTER THE REPORTING PERIOD

Introduction – IAS 10

• Events after the reporting period are those events, both

favourable and unfavourable, that occur after the date

of the statement of financial position (the reporting
date) and the date when the financial statements are

authorised for issue.

• The most important aspect is to determine when an

entity should adjust its financial statements for events

after the reporting date as well as the disclosure
requirements.

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