IFRS in your pocket |2021

IAS 10 Events after the Reporting Period

Overview Prescribes when financial statements must be

adjusted for events after the end of the reporting
period and what information must be disclosed.
Events after Events after the end of the reporting period are
the end of those that occur between the end of the reporting
the reporting period and the date when the financial statements
period are authorised for issue.
Adjusting The financial statements are adjusted for events that
events provide evidence of conditions that existed at the
end of the reporting period (such as the resolution
of a court case after the end of the reporting
period).
Non-adjusting The financial statements are not adjusted for events
events that arose after the end of the reporting period
(such as a decline in market prices after year end).
The nature and effect of such events are disclosed.
However, if the events after the end of the reporting
period indicate that the going concern assumption is
not appropriate, those financial statements are not
prepared on a going concern basis.

Dividends proposed or declared after the end of the

reporting period are not recognised as a liability at
the end of the reporting period.
Interpretations None
Changes None
effective
this year
Pending None
changes

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