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.
IAS 10 disclosure checklist
Dividends declared after the reporting period, supervisory board and authorisation date
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
- Intermediate
- Estimated time
- ≈ 30 min
- Progress
- 0 / 4 steps done (review excluded)
Context
Sorvalis SA (fictitious entity) is finalising its 20X5 statements. A dividend was declared in March 20X6 and the draft note on events after the reporting period contains two errors.
Assignment
IAS 10 checklist: authorisation and dividend
Purpose of the workpaper
Check in the draft notes the date and author of the authorisation for issue, the update of disclosures about conditions existing at the reporting date, the material non-adjusting events (nature and estimate of the effect) and the dividends declared after the reporting period; compute the amounts to disclose and record the findings.
Questions of the file covered by this workpaper
- What is the date of authorisation for issue and who gave it?
- Compute the amount of the dividend declared.
- Correct the draft note (D3).
Documents in the file
Open the documents to pick out the relevant information.