IAS 10Chapter 3Lesson 2
Non-adjusting events
Step 1 of 8Learning objectives
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An event indicating a condition that arose after the reporting date does not change the amounts recognised: fall in the fair value of investments, fire, acquisition, change in tax rates. If it is material, it is described in the notes with an estimate of its financial effect.
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Learning objectives
- Distinguish a later fall in value from an impairment existing at the reporting date.
- Calculate the effect of a non-adjusting event for disclosure, without changing the amounts.
- Justify the absence of adjustment.