IAS 10Chapter 5Lesson 1
Disclosures: date of authorisation, updates, non-adjusting events
Step 1 of 8Learning objectives
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The notes state when and by whom the statements were authorised for issue, and whether anyone can still amend them. They update disclosures about conditions existing at the reporting date in the light of information received afterwards. For each material category of non-adjusting events, they describe the nature of the event and estimate its financial effect, or state that it cannot be estimated.
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Learning objectives
- Identify the required disclosures about the date of authorisation for issue and its author.
- Determine when to update a disclosure about a condition existing at the reporting date.
- Prepare the disclosure of a material non-adjusting event and assess its materiality.