Module 22 - Events After Reporting Period Flashcards Preview

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Flashcards in Module 22 - Events After Reporting Period Deck (2)
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1
Q

Adjusting events?

A
Court case settlement
Bankruptcy of customer
Cost of assets bought or sold before YE
Discovery of fraud or error
Valuation of inventories
Investment in property at FV
Held for sale assets
2
Q

Non adjusting events?

A
Business combinations
Discontinued operations
Purchase and sale of assets
Losses by fire of flood
Commencement of restructuring
Major share teams
Changes in tax or laws 

If material disclose - date and who authorised