IAS 10Chapter 1Lesson 1
IAS 10 objective and scope: what happens after the reporting date
Step 1 of 8Learning objectives
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Between the reporting date and publication, life goes on. IAS 10 says when these subsequent events lead to adjusting the financial statements, what to disclose about them and about the date of authorisation for issue, and prohibits the going concern basis when subsequent events show it is no longer appropriate.
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Learning objectives
- Explain the objective of IAS 10: adjust or not, disclose, going concern.
- Place the scope of the standard: accounting for subsequent events and disclosures about them.