After the Reporting Date
Decide whether a post-year-end event is adjusting, non-adjusting, or disclosure-only under IAS 10.
Close window A new fact lands after year-end but before the accounts are authorized. The number could change profit by $260,000. The wrong route either hides a year-end problem or drags next-period events backward. IAS 10 path Condition first, date second, treatment third The event date alone does not answer the accounting question. IAS 10 asks whether the event gives evidence of a condition that existed at the reporting date or describes a condition that arose afterward. Shortcut If it happened before authorization, book it. A post-year-end file that reviewers can follow. Later evidence changes year-end numbers only when it…
Sign up free — one personalized lesson every day, matched to your role and goals.
Already have an account? Sign in