IAS 10 · Case studies (Step 3 of 5)
Practical case
Version of this content
IAS 10 as amended by IFRS 18
Applies to annual periods beginning on or after January 1, 2027. Early application permitted. Only together with early application of IFRS 18, which is permitted and must be disclosed in the notes (IAS 10, para. 23D; IFRS 18, para. C1).
Bellanor SA, a fictitious distributor of medical equipment (310 employees), IFRS financial statements, year end 31 December, amounts in euros. Period beginning 1 January 2027; 2027 accounts authorised on 12 March 2028 (case data).
L1 · Guided · February 2028
Version applicable to annual reporting periods beginning on or after 1 January 2027; early application permitted only together with IFRS 18 (IFRS 18, para. C1). You deal with the events between 31 December 2027 and 12 March 2028. Level 1: dividend declared after the period end. Level 2: going concern and disclosures. Dates, amounts and management's assessments are case data.
Standard concerned: IAS 10, version amended by IFRS 18. The questions are guided.
Fundamental level: the method, help and references are shown.
Method
File checklist
2 / 4 stages reached
Context · Dated fact of the file
Bellanor SA, a fictitious distributor of medical equipment (310 employees), IFRS financial statements, year end 31 December, amounts in euros. Period beginning 1 January 2027; 2027 accounts authorised on 12 March 2028 (case data).
Initial event · L1·February 2028 · Current stage
Standard concerned: IAS 10, version amended by IFRS 18. The questions are guided.
Pieces added
New period · L2·March 2028 · Upcoming: unlocks after the current stage
Conclusion · Upcoming: unlocks after the current stage
1 document to work from at this level.
Document 1Minutes
On 8 February 2028, the board declares a dividend of 0.60 per share on 1,200,000 shares, payable on 30 April 2028.
First level: all the data is in the brief and the pieces of this level.
2 parts to answer, marked when you submit the level.
Base each answer on a fact of the file and on the rule studied.
Part 1 · Multiple choice · Application
What dividend liability does Bellanor recognise at 31 December 2027?
1 more question will appear once the current question is complete.
Your working draft for this file: points noted, leads, intermediate calculations.
Saved on this device only; never graded.
Answer every part to submit the level and see the conclusion.
Normative references