IAS 10 · Workpapers (Step 4 of 5)
Workpaper assignment
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Version of this content
IAS 10 Events after the Reporting Period — wording before IFRS 18Applicable today
Applies to annual periods beginning before January 1, 2027.
Review of events after the reporting period: Event 1 — Merlace liquidation
Eight events between the reporting date and the approval of the statements: reasoned classification
Section 1 of 8
Objective
Section brief
- What to document
- The engagement, its scope and the working mode chosen.
- Why
- A workpaper answers one precise question: framing it avoids off-topic work.
- How
- Read the objective and the assignment, then choose the mode (guided, semi-guided, professional).
- Expected result
- You know which question the workpaper must settle, and for which reporting date.
- Your role
- Preparer of the IAS 10 workpaper
- Level
- Foundation
- Estimated time
- ≈ 35 min
- Progress
- 0 / 4 steps done (review excluded)
Context
Papeteries Lunaret SA (fictitious entity) is finishing its 20X5 statements. Eight events were identified after the reporting date. You classify them and prepare the simple adjustment that results.
Assignment
Review of events after the reporting period: events (1), (2) and (4)
Purpose of the workpaper
Set the review window (from the reporting date to the date of authorisation for issue, according to the entity's governance), then, for each event identified (one instance per event), decide whether the condition existed at the reporting date, quantify the relevant effect, assess materiality and derive the treatment: adjustment of amounts, disclosure in the notes, update of a disclosure or no effect.
Questions of the file covered by this workpaper
- What period must be analysed? Does the announcement of results limit it?
- Classify the eight events.
- Do the dividend (4) and the market fall (5) change the 20X5 statements?
- Post the adjusting entry for event (1) at 31 December 20X5.
Documents in the file
Open the documents to pick out the relevant information.