Which of the following events after the reporting period are treated as adjusting events?
Key statements of financial position sheet items and related disclosures that have been impacted by COVID-19 were as follows: Show Trading assets, trading liabilities and financial investments Derivative
assets and liabilities Held for sale assets and liabilities Loan assets, due from subsidiaries and other assets Property, plant and equipment and right-of-use assets Interest
in associates and joint ventures, investments in subsidiaries and interests in unconsolidated structured entities Intangible assets Debt issued and loan capital Hedge accounting Risk management What are adjusting events after the reporting period?Adjusting events are those providing evidence of conditions existing at the end of the reporting period, whereas non-adjusting events are indicative of conditions arising after the reporting period (the latter being disclosed where material).
Which of the following items are nonA dividend declared after the reporting period is a non-adjusting event.
Which would be treated as a nonSolution: (a) It will be treated as non-adjusting event as IAS 10 requires any event which gives rise to loss due to a natural disaster such as fire, flood to be classified as non-adjusting event because such events do not provide evidence of the conditions existed at reporting date.
When after the end of reporting period an event occurs that is indicative of conditions that arose after the end of the reporting period quizlet?— According to PAS 10, paragraph 3, non-adjusting event is an event after the reporting period that is indicative of a condition that arose after the end of the reporting period.
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