{"entries":[{"key":"LX.IAS10.000001","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.SCOPE.OBJECTIVE_AND_SCOPE"],"dimension":"RULE_KNOWLEDGE","format":"TRUE_FALSE","context":"GENERIC","tested_point":"IAS10_OBJECTIVE","difficulty":"BEGINNER","estimated_time_s":45,"lesson_id":"LS.IAS10.000001","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000001","section_id":"objective"},"references":["IAS 10 §1"],"exercise":{"prompt":{"fr":"","en":"IAS 10 rules out preparing financial statements on a going concern basis when events after the reporting period show that it is not appropriate.","es":""},"explanation":{"fr":"","en":"True: the objective of IAS 10 also covers going concern; the financial statements are not prepared on that basis if events after the reporting period show it is not appropriate (IAS 10, para. 1).","es":""},"common_error":{"fr":"","en":"Thinking IAS 10 only deals with adjusting amounts: it also prohibits preparing the financial statements on a going concern basis when later events show that assumption is no longer appropriate.","es":""},"format":"TRUE_FALSE","answer":true},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000002","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.SCOPE.OBJECTIVE_AND_SCOPE"],"dimension":"RULE_KNOWLEDGE","format":"FILL_BLANK","context":"GENERIC","tested_point":"IAS10_OBJECTIVE","difficulty":"BEGINNER","estimated_time_s":60,"lesson_id":"LS.IAS10.000001","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000001","section_id":"objective"},"references":["IAS 10 §1"],"exercise":{"prompt":{"fr":"","en":"Complete the objective of IAS 10.","es":""},"explanation":{"fr":"","en":"IAS 10 prescribes when an entity adjusts its financial statements for events after the reporting period, and what it discloses about the date of authorisation for issue and those events (IAS 10, para. 1).","es":""},"common_error":{"fr":"","en":"Choosing “audits” or “reporting date”: IAS 10 says when to adjust the financial statements and refers to the date of authorisation for issue, not the audit or the reporting date.","es":""},"format":"FILL_BLANK","text":{"fr":"","en":"IAS 10 prescribes when the entity {{a}} its financial statements for subsequent events, and which disclosures it gives about the date of {{b}} for issue and about those events.","es":""},"blanks":[{"id":"a","mode":"CHOICE","choices":[{"id":"ADJ","text":{"fr":"","en":"adjusts","es":""}},{"id":"AUD","text":{"fr":"","en":"audits","es":""}}],"answer":"ADJ"},{"id":"b","mode":"CHOICE","choices":[{"id":"AUTH","text":{"fr":"","en":"authorisation","es":""}},{"id":"CLO","text":{"fr":"","en":"closing","es":""}}],"answer":"AUTH"}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000003","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.SCOPE.OBJECTIVE_AND_SCOPE"],"dimension":"RECOGNITION","format":"CLASSIFICATION","context":"GENERIC","tested_point":"IAS10_SCOPE","difficulty":"BEGINNER","estimated_time_s":90,"lesson_id":"LS.IAS10.000001","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000001","section_id":"scope"},"references":["IAS 10 §2"],"exercise":{"prompt":{"fr":"","en":"Do these questions fall under IAS 10?","es":""},"explanation":{"fr":"","en":"IAS 10 deals with accounting for and disclosure of subsequent events (IAS 10, para. 2); measurement belongs to other standards.","es":""},"common_error":{"fr":"","en":"Placing the calculation of a provision or of net realisable value under IAS 10: it only decides whether to adjust or disclose; measurement belongs to IAS 37 or IAS 2.","es":""},"format":"CLASSIFICATION","categories":[{"id":"IN","text":{"fr":"","en":"IAS 10","es":""}},{"id":"OUT","text":{"fr":"","en":"Another standard","es":""}}],"items":[{"id":"I1","text":{"fr":"","en":"Should the statements be adjusted for a judgement after the reporting date?","es":""},"category":"IN"},{"id":"I2","text":{"fr":"","en":"Should a fire after the reporting date be disclosed?","es":""},"category":"IN"},{"id":"I3","text":{"fr":"","en":"How to calculate the amount of a provision?","es":""},"category":"OUT"},{"id":"I4","text":{"fr":"","en":"How to measure the net realisable value of inventory?","es":""},"category":"OUT"}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000004","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.SCOPE.OBJECTIVE_AND_SCOPE"],"dimension":"APPLICATION","format":"ORDERING","context":"GENERIC","tested_point":"IAS10_PATH","difficulty":"INTERMEDIATE","estimated_time_s":90,"lesson_id":"LS.IAS10.000001","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000001","section_id":"how"},"references":["IAS 10 §1","IAS 10 §2"],"exercise":{"prompt":{"fr":"","en":"Put in order the IAS 10 path at the year end.","es":""},"explanation":{"fr":"","en":"First delimit the period up to authorisation for issue, then classify each event (adjusting or not), then adjust or disclose; going concern is checked and the authorisation date is stated with who gave it (IAS 10, paras. 1 and 2).","es":""},"common_error":{"fr":"","en":"Adjusting or disclosing before delimiting the window and classifying the event: without the authorisation date and the classification, the treatment cannot be known.","es":""},"format":"ORDERING","steps":[{"id":"S1","text":{"fr":"","en":"Define the window up to authorisation for issue","es":""}},{"id":"S2","text":{"fr":"","en":"Classify each event (adjusting or not)","es":""}},{"id":"S3","text":{"fr":"","en":"Adjust the amounts or disclose","es":""}},{"id":"S4","text":{"fr":"","en":"Check going concern","es":""}},{"id":"S5","text":{"fr":"","en":"Disclose the date of authorisation and its author","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000005","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.SCOPE.OBJECTIVE_AND_SCOPE"],"dimension":"DOCUMENTATION","format":"MULTIPLE_CHOICE","context":"DISTRIBUTION","tested_point":"IAS10_POST_CLOSING_WATCH","difficulty":"INTERMEDIATE","estimated_time_s":90,"lesson_id":"LS.IAS10.000001","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000001","section_id":"judgment"},"references":["IAS 10 §1"],"exercise":{"prompt":{"fr":"","en":"Which sources should Abrivel Distribution, fictitious, review to identify subsequent events?","es":""},"explanation":{"fr":"","en":"IAS 10 requires capturing events up to authorisation (IAS 10, para. 1); organising this review is a documented judgement.","es":""},"format":"MULTIPLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Minutes of governing bodies","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"Lawyers' letters","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"Collections and sales after the reporting date","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"Only the general ledger at 31 December","es":""},"correct":false,"feedback":{"fr":"","en":"It does not show what happens after the reporting date.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000006","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.DEFINITIONS.EVENTS_AFTER_REPORTING_PERIOD"],"dimension":"RULE_KNOWLEDGE","format":"TRUE_FALSE","context":"GENERIC","tested_point":"IAS10_EVENT_DEFINITION","difficulty":"BEGINNER","estimated_time_s":45,"lesson_id":"LS.IAS10.000002","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000002","section_id":"definition"},"references":["IAS 10 §3"],"exercise":{"prompt":{"fr":"","en":"Only unfavourable events after the reporting date are events after the reporting period under IAS 10.","es":""},"explanation":{"fr":"","en":"False: events after the reporting period are events, favourable or unfavourable, that occur between the end of the reporting period and the date of authorisation for issue (IAS 10, para. 3).","es":""},"common_error":{"fr":"","en":"Only taking bad news into account: a favourable event occurring within the window is also an event after the reporting period.","es":""},"format":"TRUE_FALSE","answer":false},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000007","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.DEFINITIONS.EVENTS_AFTER_REPORTING_PERIOD"],"dimension":"RULE_KNOWLEDGE","format":"MATCHING","context":"GENERIC","tested_point":"IAS10_ADJUSTING_VS_NON","difficulty":"BEGINNER","estimated_time_s":75,"lesson_id":"LS.IAS10.000002","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000002","section_id":"definition"},"references":["IAS 10 §3"],"exercise":{"prompt":{"fr":"","en":"Match each category with its definition.","es":""},"explanation":{"fr":"","en":"An adjusting event provides evidence of a condition that existed at the end of the reporting period; a non-adjusting event is indicative of a condition that arose after it (IAS 10, para. 3).","es":""},"common_error":{"fr":"","en":"Swapping the definitions: the event that sheds light on a condition already existing at the reporting date is adjusting, not the one revealing a new condition.","es":""},"format":"MATCHING","left":[{"id":"L1","text":{"fr":"","en":"Adjusting event","es":""}},{"id":"L2","text":{"fr":"","en":"Non-adjusting event","es":""}}],"right":[{"id":"R2","text":{"fr":"","en":"Indicates a condition arising after the reporting date","es":""}},{"id":"R1","text":{"fr":"","en":"Provides evidence of a condition existing at the reporting date","es":""}}],"pairs":[{"left":"L1","right":"R1"},{"left":"L2","right":"R2"}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000008","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.DEFINITIONS.EVENTS_AFTER_REPORTING_PERIOD"],"dimension":"APPLICATION","format":"SINGLE_CHOICE","context":"TECHNOLOGY","tested_point":"IAS10_WINDOW_END","difficulty":"INTERMEDIATE","estimated_time_s":90,"lesson_id":"LS.IAS10.000002","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000002","section_id":"window-end"},"references":["IAS 10 §7"],"exercise":{"prompt":{"fr":"","en":"Calvinor Tech announces its profit on 12/02/N+1; its board authorises the statements on 20/03/N+1. A judgement on an N lawsuit is delivered on 01/03/N+1. Does it fall under IAS 10 for the N statements?","es":""},"explanation":{"fr":"","en":"Yes: the IAS 10 window closes at the date of authorisation for issue (20/03/N+1) and includes events after the public announcement of profit (IAS 10, para. 7); the judgement of 01/03/N+1 falls within it.","es":""},"common_error":{"fr":"","en":"Limiting the period of analysis to the date profit is announced instead of the date of authorisation for issue.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Yes: it occurs before authorisation for issue","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"No: profit has already been announced","es":""},"correct":false,"feedback":{"fr":"","en":"The announcement does not close the window.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000009","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.DEFINITIONS.EVENTS_AFTER_REPORTING_PERIOD"],"dimension":"RECOGNITION","format":"CLASSIFICATION","context":"MANUFACTURING","tested_point":"IAS10_ADJUSTING_VS_NON","difficulty":"INTERMEDIATE","estimated_time_s":120,"lesson_id":"LS.IAS10.000002","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000002","section_id":"definition"},"references":["IAS 10 §3"],"exercise":{"prompt":{"fr":"","en":"Reporting date 31/12/N, authorisation 15/03/N+1. Classify these events at Hivane Industrie, fictitious.","es":""},"explanation":{"fr":"","en":"The expert report sheds light on a defect in products delivered in year N, a condition existing at the reporting date: adjusting. The February strike reveals a new condition: non-adjusting (IAS 10, para. 3). The bankruptcy on 2 April occurs after the 15 March authorisation: outside the window (IAS 10, para. 7).","es":""},"common_error":{"fr":"","en":"Classifying an event by its date rather than by when the condition it reveals existed.","es":""},"format":"CLASSIFICATION","categories":[{"id":"ADJ","text":{"fr":"","en":"Adjusting","es":""}},{"id":"NADJ","text":{"fr":"","en":"Non-adjusting","es":""}},{"id":"OUT","text":{"fr":"","en":"Outside the window","es":""}}],"items":[{"id":"I1","text":{"fr":"","en":"February expert report on a manufacturing defect in products delivered in N","es":""},"category":"ADJ"},{"id":"I2","text":{"fr":"","en":"Strike paralysing the plant in February N+1","es":""},"category":"NADJ"},{"id":"I3","text":{"fr":"","en":"Bankruptcy of a customer on 2 April N+1","es":""},"category":"OUT"}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000010","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.DEFINITIONS.EVENTS_AFTER_REPORTING_PERIOD"],"dimension":"RULE_KNOWLEDGE","format":"FILL_BLANK","context":"GENERIC","tested_point":"IAS10_WINDOW_END","difficulty":"INTERMEDIATE","estimated_time_s":60,"lesson_id":"LS.IAS10.000002","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000002","section_id":"window-end"},"references":["IAS 10 §3","IAS 10 §7"],"exercise":{"prompt":{"fr":"","en":"Complete.","es":""},"explanation":{"fr":"","en":"The IAS 10 window opens at the end of the reporting period and closes at the date of authorisation for issue (IAS 10, para. 3); it includes events after a public announcement of profit (IAS 10, para. 7).","es":""},"common_error":{"fr":"","en":"Closing the window when profit is announced or opening it at the general meeting: it runs from the end of the reporting period to the date of authorisation for issue.","es":""},"format":"FILL_BLANK","text":{"fr":"","en":"The IAS 10 window opens at the {{a}} and closes at the date of {{b}} for issue, even if profit was announced before.","es":""},"blanks":[{"id":"a","mode":"CHOICE","choices":[{"id":"END","text":{"fr":"","en":"end of the reporting period","es":""}},{"id":"AGM","text":{"fr":"","en":"general meeting","es":""}}],"answer":"END"},{"id":"b","mode":"CHOICE","choices":[{"id":"AUTH","text":{"fr":"","en":"authorisation","es":""}},{"id":"ANN","text":{"fr":"","en":"announcement","es":""}}],"answer":"AUTH"}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000011","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.DEFINITIONS.EVENTS_AFTER_REPORTING_PERIOD"],"dimension":"APPLICATION","format":"ORDERING","context":"GENERIC","tested_point":"IAS10_EVENT_STEPS","difficulty":"INTERMEDIATE","estimated_time_s":90,"lesson_id":"LS.IAS10.000002","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000002","section_id":"how"},"references":["IAS 10 §3","IAS 10 §7"],"exercise":{"prompt":{"fr":"","en":"Put in order the analysis of a subsequent event.","es":""},"explanation":{"fr":"","en":"First check that the event occurs before authorisation for issue (IAS 10, para. 7), then identify the condition it reveals and when it existed, which classifies it as adjusting or not (IAS 10, para. 3), before adjusting or disclosing.","es":""},"common_error":{"fr":"","en":"Classifying the event before checking it falls within the window and identifying the condition it reveals: the classification depends on when that condition existed.","es":""},"format":"ORDERING","steps":[{"id":"S1","text":{"fr":"","en":"Check that the event is within the window","es":""}},{"id":"S2","text":{"fr":"","en":"Identify the condition it reveals and its date","es":""}},{"id":"S3","text":{"fr":"","en":"Classify: adjusting or not","es":""}},{"id":"S4","text":{"fr":"","en":"Adjust or disclose","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000012","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.DEFINITIONS.EVENTS_AFTER_REPORTING_PERIOD"],"dimension":"ANALYSIS","format":"ERROR_SPOT","context":"GENERIC","tested_point":"IAS10_ADJUSTING_VS_NON","difficulty":"ADVANCED","estimated_time_s":120,"lesson_id":"LS.IAS10.000002","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000002","section_id":"pitfalls"},"references":["IAS 10 §3","IAS 10 §7"],"exercise":{"prompt":{"fr":"","en":"Review these statements. Spot the errors.","es":""},"explanation":{"fr":"","en":"Statement 1 is wrong: a January event that sheds light on a condition existing at the reporting date changes the financial statements (IAS 10, para. 3). Statement 2 is wrong: the analysis runs to authorisation for issue, even after profit is announced (IAS 10, para. 7). Statement 3 is correct: favourable or unfavourable (IAS 10, para. 3).","es":""},"format":"ERROR_SPOT","statements":[{"id":"S1","text":{"fr":"","en":"1. An event in January can never change the December statements.","es":""},"erroneous":true,"correction":{"fr":"","en":"If it reveals a condition existing at the reporting date, it is adjusting (IAS 10, para. 3).","es":""}},{"id":"S2","text":{"fr":"","en":"2. The analysis stops at the date of the public announcement of profit.","es":""},"erroneous":true,"correction":{"fr":"","en":"It runs until authorisation (IAS 10, para. 7).","es":""}},{"id":"S3","text":{"fr":"","en":"3. A favourable event can be a subsequent event.","es":""},"erroneous":false}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000013","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.DEFINITIONS.EVENTS_AFTER_REPORTING_PERIOD"],"dimension":"PROFESSIONAL_JUDGMENT","format":"MINI_CASE","context":"FOOD","tested_point":"IAS10_AMBIGUOUS_EVENT","difficulty":"EXPERT","estimated_time_s":240,"lesson_id":"LS.IAS10.000002","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000002","section_id":"judgment"},"references":["IAS 10 §3"],"exercise":{"prompt":{"fr":"","en":"Analyse the event at Perlisse Gourmet, a fictitious food distributor.","es":""},"explanation":{"fr":"","en":"It is the condition revealed, and its date, that determines adjustment (IAS 10, para. 3).","es":""},"format":"MINI_CASE","scenario":{"fr":"","en":"On 5 February N+1, a catering customer (receivable 90,000) enters insolvency proceedings. Facts gathered: payment delays since August N, two bounced cheques in November N, but also a fire at its central kitchen on 20 January N+1.","es":""},"parts":[{"prompt":{"fr":"","en":"Which indicators show a situation already deteriorated at 31/12/N?","es":""},"explanation":{"fr":"","en":"Indicators dated before the reporting date (IAS 10, para. 3).","es":""},"format":"MULTIPLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Delays since August N","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"Bounced cheques in November N","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"Fire on 20 January N+1","es":""},"correct":false,"feedback":{"fr":"","en":"New condition, after the reporting date.","es":""}}],"id":"P1","dimension":"ANALYSIS"},{"prompt":{"fr":"","en":"The judgement may conclude on an adjustment for the part of the loss reflecting the condition existing at the reporting date.","es":""},"explanation":{"fr":"","en":"True: the classification depends on the condition revealed (IAS 10, para. 3); splitting between causes is a documented judgement.","es":""},"common_error":{"fr":"","en":"Treating the whole loss as one block: the part reflecting the condition at the reporting date is adjusted, the part arising from a new fact is not.","es":""},"format":"TRUE_FALSE","answer":true,"id":"P2","dimension":"PROFESSIONAL_JUDGMENT"}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000014","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.DEFINITIONS.AUTHORISATION_DATE"],"dimension":"RULE_KNOWLEDGE","format":"TRUE_FALSE","context":"GENERIC","tested_point":"IAS10_AUTH_SHAREHOLDERS","difficulty":"BEGINNER","estimated_time_s":45,"lesson_id":"LS.IAS10.000003","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000003","section_id":"shareholder-approval"},"references":["IAS 10 §5"],"exercise":{"prompt":{"fr":"","en":"When shareholders approve the statements after issue, the date of authorisation for issue is the date of the meeting.","es":""},"explanation":{"fr":"","en":"False: it is the date of issue (IAS 10, para. 5).","es":""},"common_error":{"fr":"","en":"Using the date of the shareholders' meeting approval as the date of authorisation.","es":""},"format":"TRUE_FALSE","answer":false},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000015","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.DEFINITIONS.AUTHORISATION_DATE"],"dimension":"APPLICATION","format":"SINGLE_CHOICE","context":"GENERIC","tested_point":"IAS10_AUTH_SUPERVISORY","difficulty":"INTERMEDIATE","estimated_time_s":90,"lesson_id":"LS.IAS10.000003","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000003","section_id":"supervisory-board"},"references":["IAS 10 §6"],"exercise":{"prompt":{"fr":"","en":"Jandrel's management board, a fictitious company, authorises on 04/03/N+1 the submission of the statements to its supervisory board, made up solely of non-executives, which approves them on 18/03/N+1. Date of authorisation?","es":""},"explanation":{"fr":"","en":"The financial statements are submitted to a supervisory board made up solely of non-executives: the authorisation date is the date the management board authorises the submission, 04/03/N+1, not the board's approval date (IAS 10, para. 6).","es":""},"common_error":{"fr":"","en":"Using the supervisory board's approval instead of management's authorisation of submission.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"04/03/N+1","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"18/03/N+1","es":""},"correct":false,"feedback":{"fr":"","en":"That is the board's approval, not authorisation of submission.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000016","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.DEFINITIONS.AUTHORISATION_DATE"],"dimension":"RULE_KNOWLEDGE","format":"TRUE_FALSE","context":"GENERIC","tested_point":"IAS10_AUTH_PROCESS","difficulty":"BEGINNER","estimated_time_s":45,"lesson_id":"LS.IAS10.000003","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000003","section_id":"process"},"references":["IAS 10 §4"],"exercise":{"prompt":{"fr":"","en":"The process for authorising issue is the same for all entities.","es":""},"explanation":{"fr":"","en":"False: it varies with the management structure, statutory requirements and procedures (IAS 10, para. 4).","es":""},"common_error":{"fr":"","en":"Applying one pattern to all entities: the process depends on each entity's management structure, statutory requirements and procedures.","es":""},"format":"TRUE_FALSE","answer":false},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000017","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.DEFINITIONS.AUTHORISATION_DATE"],"dimension":"APPLICATION","format":"MATCHING","context":"GENERIC","tested_point":"IAS10_AUTH_DATE_CASES","difficulty":"INTERMEDIATE","estimated_time_s":120,"lesson_id":"LS.IAS10.000003","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000003","section_id":"example"},"references":["IAS 10 §5","IAS 10 §6"],"exercise":{"prompt":{"fr":"","en":"Match each governance structure (case data) with its date of authorisation.","es":""},"explanation":{"fr":"","en":"Later approval by shareholders does not defer the authorisation date: it is the date the board authorises issue (10/03) (IAS 10, para. 5). When the financial statements are submitted to a non-executive supervisory board, the date is the date management authorises that submission (01/03) (IAS 10, para. 6).","es":""},"common_error":{"fr":"","en":"Taking the general meeting or the supervisory board's approval: the authorisation date is the date the board authorises issue, or the date of submission to the non-executive board.","es":""},"format":"MATCHING","left":[{"id":"L1","text":{"fr":"","en":"Board of directors that approves and issues on 10/03; meeting on 25/05","es":""}},{"id":"L2","text":{"fr":"","en":"Management board authorising submission on 01/03; supervisory board of non-executives approving on 15/03","es":""}}],"right":[{"id":"R2","text":{"fr":"","en":"01/03","es":""}},{"id":"R1","text":{"fr":"","en":"10/03","es":""}}],"pairs":[{"left":"L1","right":"R1"},{"left":"L2","right":"R2"}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000018","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.DEFINITIONS.AUTHORISATION_DATE"],"dimension":"APPLICATION","format":"ORDERING","context":"GENERIC","tested_point":"IAS10_AUTH_STEPS","difficulty":"INTERMEDIATE","estimated_time_s":90,"lesson_id":"LS.IAS10.000003","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000003","section_id":"how"},"references":["IAS 10 §4","IAS 10 §5","IAS 10 §6"],"exercise":{"prompt":{"fr":"","en":"Put in order the search for the date of authorisation.","es":""},"explanation":{"fr":"","en":"The authorisation process depends on the management structure (IAS 10, para. 4): describe the governance, look for shareholder approval after issue (para. 5), then for submission to a non-executive board (para. 6), and finally set the date that closes the window (IAS 10, paras. 4 to 6).","es":""},"common_error":{"fr":"","en":"Setting the date before describing the governance: it changes depending on whether there is shareholder approval or submission to a non-executive board.","es":""},"format":"ORDERING","steps":[{"id":"S1","text":{"fr":"","en":"Describe the governance of the case","es":""}},{"id":"S2","text":{"fr":"","en":"Spot any shareholder approval after issue","es":""}},{"id":"S3","text":{"fr":"","en":"Spot any submission to a board of non-executives","es":""}},{"id":"S4","text":{"fr":"","en":"Set the date and close the IAS 10 window","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000019","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.DEFINITIONS.AUTHORISATION_DATE"],"dimension":"ANALYSIS","format":"SINGLE_CHOICE","context":"TELECOM","tested_point":"IAS10_AUTH_WINDOW_CONSEQUENCE","difficulty":"ADVANCED","estimated_time_s":120,"lesson_id":"LS.IAS10.000003","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000003","section_id":"judgment"},"references":["IAS 10 §6","IAS 10 §7"],"exercise":{"prompt":{"fr":"","en":"At Kerlane (management board and supervisory board of non-executives), submission of the statements is authorised on 02/03/N+1; a major customer goes bankrupt on 10/03/N+1, before the board approves on 16/03/N+1. Does this event fall within the N statements?","es":""},"explanation":{"fr":"","en":"The date of authorisation (IAS 10, para. 6) closes the window of events (IAS 10, para. 7).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"No: it is after the date of authorisation (02/03)","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"Yes: it is before the board's approval","es":""},"correct":false,"feedback":{"fr":"","en":"The date of authorisation is that of submission.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000020","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.DEFINITIONS.AUTHORISATION_DATE"],"dimension":"ANALYSIS","format":"ERROR_SPOT","context":"GENERIC","tested_point":"IAS10_AUTH_ERRORS","difficulty":"ADVANCED","estimated_time_s":120,"lesson_id":"LS.IAS10.000003","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000003","section_id":"pitfalls"},"references":["IAS 10 §4","IAS 10 §5","IAS 10 §6"],"exercise":{"prompt":{"fr":"","en":"Spot the errors in these conclusions on the date of authorisation.","es":""},"explanation":{"fr":"","en":"Conclusion 1 is wrong: approval by the general meeting after issue does not defer the authorisation date (IAS 10, para. 5). Conclusion 2 is correct (IAS 10, para. 6). Conclusion 3 is wrong: the process depends on each entity's governance (IAS 10, para. 4).","es":""},"format":"ERROR_SPOT","statements":[{"id":"S1","text":{"fr":"","en":"1. General meeting on 20/05 after issue on 18/03: date of authorisation 20/05.","es":""},"erroneous":true,"correction":{"fr":"","en":"It is 18/03 (IAS 10, para. 5).","es":""}},{"id":"S2","text":{"fr":"","en":"2. Supervisory board of non-executives: date when management authorises submission.","es":""},"erroneous":false},{"id":"S3","text":{"fr":"","en":"3. We apply the same calendar to all subsidiaries, whatever their governance.","es":""},"erroneous":true,"correction":{"fr":"","en":"The process depends on each entity's governance (IAS 10, para. 4).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000021","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.DEFINITIONS.AUTHORISATION_DATE"],"dimension":"PROFESSIONAL_JUDGMENT","format":"MINI_CASE","context":"FINANCE","tested_point":"IAS10_AUTH_MIXED_BOARD","difficulty":"EXPERT","estimated_time_s":180,"lesson_id":"LS.IAS10.000003","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000003","section_id":"judgment"},"references":["IAS 10 §4","IAS 10 §6"],"exercise":{"prompt":{"fr":"","en":"Analyse the governance of Lisvane Holding, a fictitious company.","es":""},"explanation":{"fr":"","en":"The date depends on actual governance (IAS 10, paras. 4 to 6).","es":""},"format":"MINI_CASE","scenario":{"fr":"","en":"Management submits the statements on 01/03/N+1 to a board comprising two executives and five non-executives, which approves them on 12/03/N+1 and issues them the same day; the meeting approves them on 30/05/N+1.","es":""},"parts":[{"prompt":{"fr":"","en":"The supervisory board rule (date of submission) applies automatically.","es":""},"explanation":{"fr":"","en":"False: it targets a board made up solely of non-executives (IAS 10, para. 6).","es":""},"common_error":{"fr":"","en":"Applying the submission-date rule to any supervisory board: it only applies when the board is made up solely of non-executives.","es":""},"format":"TRUE_FALSE","answer":false,"id":"P1","dimension":"ANALYSIS"},{"prompt":{"fr":"","en":"Most defensible date of authorisation?","es":""},"explanation":{"fr":"","en":"Analysis of the act that actually authorises issue (IAS 10, paras. 4 and 5).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"12/03/N+1, approval and issue by the board","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"30/05/N+1, meeting","es":""},"correct":false,"feedback":{"fr":"","en":"Approval after issue (IAS 10, para. 5).","es":""}}],"id":"P2","dimension":"PROFESSIONAL_JUDGMENT"},{"prompt":{"fr":"","en":"The file must describe the board's composition and the act adopted.","es":""},"explanation":{"fr":"","en":"True: the authorisation process varies with the entity's management structure and procedures (IAS 10, para. 4); describing the board's composition and the act relied on supports the date chosen.","es":""},"common_error":{"fr":"","en":"Giving a date without supporting it: the authorisation date depends on the governance, which the file must describe.","es":""},"format":"TRUE_FALSE","answer":true,"id":"P3","dimension":"DOCUMENTATION"}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000022","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.DEFINITIONS.AUTHORISATION_DATE"],"dimension":"APPLICATION","format":"FILL_BLANK","context":"RETAIL","tested_point":"IAS10_AUTH_SHAREHOLDERS","difficulty":"BEGINNER","estimated_time_s":60,"lesson_id":"LS.IAS10.000003","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000003","section_id":"shareholder-approval"},"references":["IAS 10 §5"],"exercise":{"prompt":{"fr":"","en":"Galvenne Retail issues its statements on 15/03/N+1; the meeting approves them on 22/05/N+1. Complete.","es":""},"explanation":{"fr":"","en":"When shareholders approve the financial statements after they are issued, the authorisation date is the date of issue, here 15/03/N+1, not the date of the meeting (IAS 10, para. 5).","es":""},"common_error":{"fr":"","en":"Taking the general meeting's approval date (22/05/N+1): shareholder approval after issue does not defer the authorisation date.","es":""},"format":"FILL_BLANK","text":{"fr":"","en":"Date of authorisation for issue: {{d}}.","es":""},"blanks":[{"id":"d","mode":"CHOICE","choices":[{"id":"MAR","text":{"fr":"","en":"15/03/N+1","es":""}},{"id":"MAY","text":{"fr":"","en":"22/05/N+1","es":""}}],"answer":"MAR"}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000023","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.ADJUSTING_EVENTS"],"dimension":"RULE_KNOWLEDGE","format":"TRUE_FALSE","context":"GENERIC","tested_point":"IAS10_ADJUST_RULE","difficulty":"BEGINNER","estimated_time_s":45,"lesson_id":"LS.IAS10.000004","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000004","section_id":"adjust-rule"},"references":["IAS 10 §8"],"exercise":{"prompt":{"fr":"","en":"The entity adjusts the amounts recognised to reflect adjusting events after the reporting period.","es":""},"explanation":{"fr":"","en":"True: an adjusting event leads to adjusting the amounts recognised in the financial statements (IAS 10, para. 8).","es":""},"common_error":{"fr":"","en":"Only disclosing an adjusting event in the notes: the amounts recognised are themselves adjusted.","es":""},"format":"TRUE_FALSE","answer":true},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000024","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.ADJUSTING_EVENTS"],"dimension":"RECOGNITION","format":"CLASSIFICATION","context":"GENERIC","tested_point":"IAS10_ADJUSTING_EXAMPLES","difficulty":"BEGINNER","estimated_time_s":90,"lesson_id":"LS.IAS10.000004","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000004","section_id":"examples"},"references":["IAS 10 §9"],"exercise":{"prompt":{"fr":"","en":"Adjusting example provided by the standard or not?","es":""},"explanation":{"fr":"","en":"IAS 10, para. 9 (adjusting); a later purchase is a new condition.","es":""},"common_error":{"fr":"","en":"Classifying the fraud or the bonuses as non-adjusting because they become known after the reporting date: they shed light on a condition of year N; only the February purchase is a new condition.","es":""},"format":"CLASSIFICATION","categories":[{"id":"ADJ","text":{"fr":"","en":"Adjusting","es":""}},{"id":"NADJ","text":{"fr":"","en":"Non-adjusting","es":""}}],"items":[{"id":"I1","text":{"fr":"","en":"Determination after the reporting date of the proceeds of an asset sold before it","es":""},"category":"ADJ"},{"id":"I2","text":{"fr":"","en":"Calculation in February of bonuses due for N (obligation at the reporting date)","es":""},"category":"ADJ"},{"id":"I3","text":{"fr":"","en":"Discovery of a fraud committed in N","es":""},"category":"ADJ"},{"id":"I4","text":{"fr":"","en":"Purchase of a building in February N+1","es":""},"category":"NADJ"}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000025","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.ADJUSTING_EVENTS"],"dimension":"APPLICATION","format":"SINGLE_CHOICE","context":"CONSTRUCTION","tested_point":"IAS10_LITIGATION_SETTLEMENT","difficulty":"INTERMEDIATE","estimated_time_s":90,"lesson_id":"LS.IAS10.000004","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000004","section_id":"examples"},"references":["IAS 10 §9"],"exercise":{"prompt":{"fr":"","en":"At 31/12/N, Nivelda Travaux disclosed a contingent liability for a site accident in N. On 20/01/N+1, the court orders it to pay 180,000. Treatment in the N statements?","es":""},"explanation":{"fr":"","en":"The judgement confirms an obligation that existed at the reporting date: it is an adjusting event; the 180,000 provision is recognised in year N's financial statements instead of merely disclosing a contingent liability (IAS 10, para. 9).","es":""},"common_error":{"fr":"","en":"Merely disclosing a lawsuit settled after the reporting date that confirms an existing obligation.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Recognise a provision of 180,000","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"Keep disclosing the contingent liability","es":""},"correct":false,"feedback":{"fr":"","en":"The judgement confirms an obligation existing at the reporting date.","es":""}},{"id":"C","text":{"fr":"","en":"Recognise the expense in N+1","es":""},"correct":false,"feedback":{"fr":"","en":"The N amounts are adjusted.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000026","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.ADJUSTING_EVENTS"],"dimension":"CALCULATION","format":"CALCULATION","context":"DISTRIBUTION","tested_point":"IAS10_RECEIVABLE_ADJUSTMENT","difficulty":"BEGINNER","estimated_time_s":90,"lesson_id":"LS.IAS10.000004","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000004","section_id":"numeric-example"},"references":["IAS 10 §9"],"exercise":{"prompt":{"fr":"","en":"Customer in difficulty since autumn N, placed in liquidation on 15/02/N+1; receivable 150,000; expected recovery 30%. Calculate the write-down at 31/12/N.","es":""},"explanation":{"fr":"","en":"150,000 × 70% = 105,000 (IAS 10, para. 9).","es":""},"common_error":{"fr":"","en":"Adjusting for the full receivable without considering expected recoveries.","es":""},"format":"CALCULATION","data":[{"label":{"fr":"","en":"Receivable","es":""},"value":"150000","unit":"EUR"},{"label":{"fr":"","en":"Expected recovery","es":""},"value":"30","unit":"PERCENT"}],"steps":[{"id":"S1","label":{"fr":"","en":"Write-down","es":""},"answer":105000,"tolerance":0,"unit":"EUR"}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000027","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.ADJUSTING_EVENTS"],"dimension":"CALCULATION","format":"CALCULATION","context":"RETAIL","tested_point":"IAS10_NRV_ADJUSTMENT","difficulty":"INTERMEDIATE","estimated_time_s":120,"lesson_id":"LS.IAS10.000004","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000004","section_id":"numeric-example"},"references":["IAS 10 §9"],"exercise":{"prompt":{"fr":"","en":"A batch of 800 e-bikes in inventory at 31/12/N (unit cost 900) is sold in February N+1 at 820 each, with 40 selling costs per unit; prices had fallen since November N. Calculate.","es":""},"explanation":{"fr":"","en":"(820 − 40) × 800 = 624,000; cost 720,000 → 96,000 (IAS 10, para. 9).","es":""},"common_error":{"fr":"","en":"Comparing cost with the gross selling price (820) and forgetting selling costs: net realisable value is the price less the costs necessary to make the sale.","es":""},"format":"CALCULATION","data":[{"label":{"fr":"","en":"Units","es":""},"value":"800","unit":"UNITS"},{"label":{"fr":"","en":"Unit cost","es":""},"value":"900","unit":"EUR"},{"label":{"fr":"","en":"Selling price","es":""},"value":"820","unit":"EUR"},{"label":{"fr":"","en":"Unit selling costs","es":""},"value":"40","unit":"EUR"}],"steps":[{"id":"S1","label":{"fr":"","en":"Total net realisable value","es":""},"answer":624000,"tolerance":0,"unit":"EUR"},{"id":"S2","label":{"fr":"","en":"Write-down at 31/12/N","es":""},"answer":96000,"tolerance":0,"unit":"EUR"}],"formula":{"lines":[{"step":"S1","meaning":{"fr":"","en":"Total net realisable value","es":""},"expression":"(a - b) * c","variables":[{"symbol":"a","meaning":{"fr":"","en":"Selling price","es":""},"value":820,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Unit selling costs","es":""},"value":40,"unit":"EUR"},{"symbol":"c","meaning":{"fr":"","en":"Units","es":""},"value":800,"unit":"UNITS"}],"result":624000,"unit":"EUR"}],"references":["REF.IAS10.9"]}},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000028","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.ADJUSTING_EVENTS"],"dimension":"CALCULATION","format":"FILL_BLANK","context":"GENERIC","tested_point":"IAS10_ADJUSTMENT_TAX_EFFECT","difficulty":"ADVANCED","estimated_time_s":120,"lesson_id":"LS.IAS10.000004","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000004","section_id":"numeric-example"},"references":["IAS 10 §8","IAS 10 §9"],"exercise":{"prompt":{"fr":"","en":"Adjustment at 31/12/N: litigation provision 200,000, tax-deductible when paid (temporary difference), rate 25% (case data). Complete.","es":""},"explanation":{"fr":"","en":"200,000 × 25% = 50,000; 200,000 − 50,000 = 150,000, in the N statements (IAS 10, para. 8; tax under IAS 12).","es":""},"common_error":{"fr":"","en":"Omitting the tax effect of the adjustment.","es":""},"format":"FILL_BLANK","text":{"fr":"","en":"Deferred tax asset: {{a}}; decrease in N profit: {{b}}.","es":""},"blanks":[{"id":"a","mode":"NUMBER","answer":50000,"tolerance":0},{"id":"b","mode":"NUMBER","answer":150000,"tolerance":0}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000029","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.ADJUSTING_EVENTS"],"dimension":"JOURNAL_ENTRY","format":"JOURNAL_ENTRY","context":"DISTRIBUTION","tested_point":"IAS10_ADJUSTING_ENTRY","difficulty":"BEGINNER","estimated_time_s":90,"lesson_id":"LS.IAS10.000004","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000004","section_id":"entry"},"references":["IAS 10 §8","IAS 10 §9"],"exercise":{"prompt":{"fr":"","en":"Write-down of 105,000 of a receivable (customer in liquidation, situation deteriorated at the reporting date). Record the entry at 31/12/N.","es":""},"explanation":{"fr":"","en":"Impairment loss of 105,000 recognised at 31/12/N: adjusting (IAS 10, paras. 8 and 9).","es":""},"common_error":{"fr":"","en":"Recognising the adjustment in the following period.","es":""},"format":"JOURNAL_ENTRY","accounts":[{"id":"IMPL","text":{"fr":"","en":"Impairment loss on receivables","es":""}},{"id":"ALLOW","text":{"fr":"","en":"Loss allowance","es":""}},{"id":"NEXT","text":{"fr":"","en":"Expense of the following period","es":""}}],"lines":[{"id":"L1","account":"IMPL","side":"DEBIT","amount":105000},{"id":"L2","account":"ALLOW","side":"CREDIT","amount":105000}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000030","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.ADJUSTING_EVENTS"],"dimension":"JOURNAL_ENTRY","format":"JOURNAL_ENTRY","context":"GENERIC","tested_point":"IAS10_ADJUSTING_ENTRY","difficulty":"ADVANCED","estimated_time_s":150,"lesson_id":"LS.IAS10.000004","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000004","section_id":"entry"},"references":["IAS 10 §8","IAS 10 §9"],"exercise":{"prompt":{"fr":"","en":"At 31/12/N: litigation provision of 200,000 confirmed by a January judgement; deferred tax asset 50,000 (temporary difference, rate 25%). Record the entries.","es":""},"explanation":{"fr":"","en":"Provision of 200,000 and deferred tax asset of 200,000 × 25% = 50,000 at 31/12/N (IAS 10, para. 8; tax under IAS 12).","es":""},"common_error":{"fr":"","en":"Forgetting the deferred tax entry or recording it in N+1: the provision adjusted at 31/12/N also carries its tax effect at the same date.","es":""},"format":"JOURNAL_ENTRY","accounts":[{"id":"PROVX","text":{"fr":"","en":"Provision expense","es":""}},{"id":"PROV","text":{"fr":"","en":"Litigation provision","es":""}},{"id":"DTA","text":{"fr":"","en":"Deferred tax asset","es":""}},{"id":"DTI","text":{"fr":"","en":"Deferred tax income","es":""}},{"id":"NEXT","text":{"fr":"","en":"Expense of the following period","es":""}}],"lines":[{"id":"L1","account":"PROVX","side":"DEBIT","amount":200000},{"id":"L2","account":"PROV","side":"CREDIT","amount":200000},{"id":"L3","account":"DTA","side":"DEBIT","amount":50000},{"id":"L4","account":"DTI","side":"CREDIT","amount":50000}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000031","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.ADJUSTING_EVENTS"],"dimension":"JOURNAL_ENTRY","format":"JOURNAL_ENTRY","context":"SERVICES","tested_point":"IAS10_BONUS_ADJUSTMENT","difficulty":"INTERMEDIATE","estimated_time_s":90,"lesson_id":"LS.IAS10.000004","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000004","section_id":"entry"},"references":["IAS 10 §9"],"exercise":{"prompt":{"fr":"","en":"At 31/12/N, Rennoria Conseil had an obligation to pay bonuses for N; their amount (75,000) is set on 10/02/N+1, before authorisation. Record the entry at 31/12/N.","es":""},"explanation":{"fr":"","en":"Determination after the reporting date of bonuses due under an obligation existing at the reporting date: adjusting, expense and liability of 75,000 at 31/12/N (IAS 10, para. 9).","es":""},"common_error":{"fr":"","en":"Recognising the bonuses in N+1 because their amount is set in February: the obligation existed at the reporting date, so the expense and the liability belong to year N.","es":""},"format":"JOURNAL_ENTRY","accounts":[{"id":"BON","text":{"fr":"","en":"Employee expenses (bonuses)","es":""}},{"id":"BONP","text":{"fr":"","en":"Employee payables","es":""}},{"id":"NEXT","text":{"fr":"","en":"Expense of the following period","es":""}}],"lines":[{"id":"L1","account":"BON","side":"DEBIT","amount":75000},{"id":"L2","account":"BONP","side":"CREDIT","amount":75000}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000032","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.ADJUSTING_EVENTS"],"dimension":"APPLICATION","format":"ORDERING","context":"GENERIC","tested_point":"IAS10_ADJUSTING_STEPS","difficulty":"INTERMEDIATE","estimated_time_s":90,"lesson_id":"LS.IAS10.000004","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000004","section_id":"how"},"references":["IAS 10 §3","IAS 10 §8","IAS 10 §9"],"exercise":{"prompt":{"fr":"","en":"Put in order the treatment of an adjusting event.","es":""},"explanation":{"fr":"","en":"First establish that the condition existed at the reporting date (IAS 10, para. 3), link the event to the principle or an example of adjustment (paras. 8 and 9), then measure under the standard for the item, compute the tax effect and post the entry at 31/12/N.","es":""},"common_error":{"fr":"","en":"Posting the entry before establishing that the condition existed at the reporting date and measuring it under the standard for the item: IAS 10 decides to adjust, it does not give the amount.","es":""},"format":"ORDERING","steps":[{"id":"S1","text":{"fr":"","en":"Establish that the condition existed at the reporting date","es":""}},{"id":"S2","text":{"fr":"","en":"Link the event to the principle or an example","es":""}},{"id":"S3","text":{"fr":"","en":"Measure under the item's standard","es":""}},{"id":"S4","text":{"fr":"","en":"Calculate the tax effect of the case","es":""}},{"id":"S5","text":{"fr":"","en":"Record the entry at 31/12/N","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000033","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.ADJUSTING_EVENTS"],"dimension":"ANALYSIS","format":"ERROR_SPOT","context":"GENERIC","tested_point":"IAS10_ADJUSTING_ERRORS","difficulty":"ADVANCED","estimated_time_s":150,"lesson_id":"LS.IAS10.000004","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000004","section_id":"pitfalls"},"references":["IAS 10 §8","IAS 10 §9"],"exercise":{"prompt":{"fr":"","en":"Review the treatment of January events. Spot the errors.","es":""},"explanation":{"fr":"","en":"Error 1: the judgement confirming a liability of year N is an adjusting event, to be recognised, not merely disclosed. Error 2: a customer's bankruptcy after the reporting date usually indicates a loss on the receivable existing at that date, adjusted in year N. Point 3 is correct: a fraud of year N discovered before authorisation is corrected in N (IAS 10, paras. 8 and 9).","es":""},"format":"ERROR_SPOT","statements":[{"id":"S1","text":{"fr":"","en":"1. The judgement confirming an N debt is only disclosed in the notes.","es":""},"erroneous":true,"correction":{"fr":"","en":"A provision must be recognised (IAS 10, para. 9).","es":""}},{"id":"S2","text":{"fr":"","en":"2. The loss on the bankrupt customer’s receivable is recorded in N+1.","es":""},"erroneous":true,"correction":{"fr":"","en":"The N amounts are adjusted (IAS 10, para. 8).","es":""}},{"id":"S3","text":{"fr":"","en":"3. The fraud discovered in March, committed in N, is corrected in the N statements.","es":""},"erroneous":false}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000034","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.ADJUSTING_EVENTS"],"dimension":"RULE_KNOWLEDGE","format":"TRUE_FALSE","context":"GENERIC","tested_point":"IAS10_FRAUD_ADJUSTING","difficulty":"BEGINNER","estimated_time_s":45,"lesson_id":"LS.IAS10.000004","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000004","section_id":"examples"},"references":["IAS 10 §9"],"exercise":{"prompt":{"fr":"","en":"The discovery after the reporting date of a fraud showing that the financial statements are incorrect is an adjusting event.","es":""},"explanation":{"fr":"","en":"True: the discovery of fraud or errors showing that the financial statements are incorrect is an example of an adjusting event (IAS 10, para. 9).","es":""},"common_error":{"fr":"","en":"Correcting the fraud in N+1 because it is discovered after the reporting date: it shows that year N's financial statements are incorrect, so they are adjusted.","es":""},"format":"TRUE_FALSE","answer":true},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000035","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.ADJUSTING_EVENTS"],"dimension":"APPLICATION","format":"SINGLE_CHOICE","context":"MANUFACTURING","tested_point":"IAS10_COST_DETERMINATION","difficulty":"INTERMEDIATE","estimated_time_s":90,"lesson_id":"LS.IAS10.000004","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000004","section_id":"examples"},"references":["IAS 10 §9"],"exercise":{"prompt":{"fr":"","en":"A machine received in December N is recorded at the provisional price of 400,000; on 25/01/N+1, the final price is set at 430,000 under a clause of the purchase contract. Treatment at 31/12/N?","es":""},"explanation":{"fr":"","en":"Determination after the reporting date of the cost of assets bought before it: adjusting (IAS 10, para. 9).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Adjust the cost of the machine to 430,000","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"Do nothing, the event is later","es":""},"correct":false,"feedback":{"fr":"","en":"It determines the cost of an asset bought before the reporting date.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000036","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.ADJUSTING_EVENTS"],"dimension":"PROFESSIONAL_JUDGMENT","format":"MINI_CASE","context":"RETAIL","tested_point":"IAS10_AMBIGUOUS_ADJUSTING","difficulty":"EXPERT","estimated_time_s":240,"lesson_id":"LS.IAS10.000004","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000004","section_id":"judgment"},"references":["IAS 10 §3","IAS 10 §9","IAS 10 §10"],"exercise":{"prompt":{"fr":"","en":"Analyse the inventories of Nestaria Mode, a fictitious fashion retailer.","es":""},"explanation":{"fr":"","en":"Failing to distinguish the causes of a fall leads to over- or under-adjusting (IAS 10, paras. 3, 9 and 10).","es":""},"format":"MINI_CASE","scenario":{"fr":"","en":"At 31/12/N, an inventory of coats (cost 300,000) is measured at cost. In January N+1, it is cleared for 210,000 net. Internal analysis: 50,000 of the fall is due to models already outdated in December (November unsold items); 40,000 to an exceptionally mild winter in January N+1 (teaching assumption: new shock).","es":""},"parts":[{"prompt":{"fr":"","en":"Calculate the write-down to recognise at 31/12/N on the analysis adopted.","es":""},"explanation":{"fr":"","en":"Write-down at 31/12/N = part of the decline due to the condition at the reporting date = 50,000; the 40,000 due to the new January shock is left out. Only the part revealing the condition at the reporting date is adjusted (IAS 10, para. 9); the new shock is not (IAS 10, para. 10).","es":""},"common_error":{"fr":"","en":"Writing down the full 90,000 decline: the 40,000 due to the new January shock does not reflect the condition at the reporting date and is not adjusted.","es":""},"format":"CALCULATION","data":[{"label":{"fr":"","en":"Fall linked to the year-end condition","es":""},"value":"50000","unit":"EUR"},{"label":{"fr":"","en":"Fall linked to the new shock","es":""},"value":"40000","unit":"EUR"}],"steps":[{"id":"S1","label":{"fr":"","en":"Write-down at 31/12/N","es":""},"answer":50000,"tolerance":0,"unit":"EUR"}],"id":"P1","dimension":"PROFESSIONAL_JUDGMENT"},{"prompt":{"fr":"","en":"The file must justify the split between the two causes with dated evidence.","es":""},"explanation":{"fr":"","en":"True: the classification depends on when the condition revealed by the event existed (IAS 10, para. 3); splitting the decline between its two causes is a judgement to be supported by dated evidence.","es":""},"common_error":{"fr":"","en":"Allocating the decline between causes without dated evidence: splitting it between the reporting-date condition and the new fact is a judgement that must be documented.","es":""},"format":"TRUE_FALSE","answer":true,"id":"P2","dimension":"DOCUMENTATION"}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000037","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.ADJUSTING_EVENTS"],"dimension":"ANALYSIS","format":"TRUE_FALSE","context":"GENERIC","tested_point":"IAS10_CUSTOMER_BANKRUPTCY_ANALYSIS","difficulty":"ADVANCED","estimated_time_s":90,"lesson_id":"LS.IAS10.000004","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000004","section_id":"judgment"},"references":["IAS 10 §3","IAS 10 §9"],"exercise":{"prompt":{"fr":"","en":"One must check whether a customer's bankruptcy after the reporting date reveals a financial situation already deteriorated at the reporting date.","es":""},"explanation":{"fr":"","en":"True: it is the typical example of adjustment (IAS 10, para. 9); classification depends on the condition revealed (IAS 10, para. 3).","es":""},"common_error":{"fr":"","en":"Not checking whether a customer's bankruptcy reveals a financial situation already deteriorated at the reporting date.","es":""},"format":"TRUE_FALSE","answer":true},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000038","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.ADJUSTING_EVENTS"],"dimension":"CALCULATION","format":"CALCULATION","context":"GENERIC","tested_point":"IAS10_TOTAL_ADJUSTMENTS","difficulty":"INTERMEDIATE","estimated_time_s":150,"lesson_id":"LS.IAS10.000004","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000004","section_id":"numeric-example"},"references":["IAS 10 §9"],"exercise":{"prompt":{"fr":"","en":"Adjusting events at 31/12/N: litigation provision 120,000; receivable write-down 45,000; inventory write-down 30,000; theft of goods in N discovered in March 15,000. Calculate the decrease in N profit before tax.","es":""},"explanation":{"fr":"","en":"Decrease in profit before tax = provision 120,000 + receivable write-down 45,000 + inventory write-down 30,000 + year N theft 15,000 = 210,000; all four events reveal a condition existing at the reporting date (IAS 10, paras. 8 and 9).","es":""},"common_error":{"fr":"","en":"Excluding the theft discovered in March because it becomes known after the reporting date: committed in year N, it is one of the adjustments, like the other three amounts.","es":""},"format":"CALCULATION","data":[{"label":{"fr":"","en":"Provision","es":""},"value":"120000","unit":"EUR"},{"label":{"fr":"","en":"Receivable","es":""},"value":"45000","unit":"EUR"},{"label":{"fr":"","en":"Inventory","es":""},"value":"30000","unit":"EUR"},{"label":{"fr":"","en":"Theft","es":""},"value":"15000","unit":"EUR"}],"steps":[{"id":"S1","label":{"fr":"","en":"Decrease in profit before tax","es":""},"answer":210000,"tolerance":0,"unit":"EUR"}],"formula":{"lines":[{"step":"S1","meaning":{"fr":"","en":"Decrease in profit before tax","es":""},"expression":"a + b + c + d","variables":[{"symbol":"a","meaning":{"fr":"","en":"Provision","es":""},"value":120000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Receivable","es":""},"value":45000,"unit":"EUR"},{"symbol":"c","meaning":{"fr":"","en":"Inventory","es":""},"value":30000,"unit":"EUR"},{"symbol":"d","meaning":{"fr":"","en":"Theft","es":""},"value":15000,"unit":"EUR"}],"result":210000,"unit":"EUR"}],"references":["REF.IAS10.9"]}},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000039","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.NON_ADJUSTING_EVENTS"],"dimension":"RULE_KNOWLEDGE","format":"TRUE_FALSE","context":"GENERIC","tested_point":"IAS10_NO_ADJUST_RULE","difficulty":"BEGINNER","estimated_time_s":45,"lesson_id":"LS.IAS10.000005","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000005","section_id":"no-adjustment"},"references":["IAS 10 §10"],"exercise":{"prompt":{"fr":"","en":"The entity does not adjust the amounts recognised for non-adjusting events after the reporting period.","es":""},"explanation":{"fr":"","en":"True: a non-adjusting event reveals a condition that arose after the reporting date; the amounts recognised are not changed (IAS 10, para. 10).","es":""},"common_error":{"fr":"","en":"Adjusting amounts for an event revealing a new condition: if material, it is only disclosed.","es":""},"format":"TRUE_FALSE","answer":true},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000040","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.NON_ADJUSTING_EVENTS"],"dimension":"APPLICATION","format":"SINGLE_CHOICE","context":"FINANCE","tested_point":"IAS10_FV_DECLINE","difficulty":"INTERMEDIATE","estimated_time_s":90,"lesson_id":"LS.IAS10.000005","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000005","section_id":"no-adjustment"},"references":["IAS 10 §11"],"exercise":{"prompt":{"fr":"","en":"A portfolio of listed shares measured at fair value is worth 600,000 at 31/12/N and 510,000 on 1/03/N+1, after a market fall in February. Treatment at 31/12/N?","es":""},"explanation":{"fr":"","en":"The decline in fair value after the reporting date reflects circumstances that arose later, not the condition at 31/12/N: the portfolio stays at 600,000, with disclosure if the effect is material (IAS 10, para. 11).","es":""},"common_error":{"fr":"","en":"Adjusting investments for a fall in fair value after the reporting date.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Keep 600,000; disclosure if material","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"Write down to 510,000","es":""},"correct":false,"feedback":{"fr":"","en":"The fall reflects later circumstances.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000041","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.NON_ADJUSTING_EVENTS"],"dimension":"RECOGNITION","format":"MULTIPLE_CHOICE","context":"GENERIC","tested_point":"IAS10_NON_ADJUSTING_EXAMPLES","difficulty":"BEGINNER","estimated_time_s":90,"lesson_id":"LS.IAS10.000005","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000005","section_id":"typical-events"},"references":["IAS 10 §22"],"exercise":{"prompt":{"fr":"","en":"Which are examples of non-adjusting events given by the standard?","es":""},"explanation":{"fr":"","en":"A major business combination, the destruction of a plant by fire and the announcement of a major restructuring are examples of non-adjusting events (IAS 10, para. 22); the settlement of a court case confirming an obligation at the reporting date is adjusting (IAS 10, para. 9).","es":""},"format":"MULTIPLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"A major business combination after the reporting date","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"Destruction of a plant by fire after the reporting date","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"Announcement of a major restructuring","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"Settlement of a court case confirming an obligation at the reporting date","es":""},"correct":false,"feedback":{"fr":"","en":"This is an adjusting event.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000042","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.NON_ADJUSTING_EVENTS"],"dimension":"CALCULATION","format":"CALCULATION","context":"LOGISTICS","tested_point":"IAS10_NON_ADJUSTING_EFFECT","difficulty":"INTERMEDIATE","estimated_time_s":120,"lesson_id":"LS.IAS10.000005","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000005","section_id":"numeric-example"},"references":["IAS 10 §10","IAS 10 §21"],"exercise":{"prompt":{"fr":"","en":"On 12/02/N+1, a fire destroys a warehouse of Fresnaye Logistique (carrying amount 750,000); insurance is to pay 500,000. Calculate the effect to disclose and the adjustment at 31/12/N.","es":""},"explanation":{"fr":"","en":"No adjustment (IAS 10, para. 10); estimated effect 250,000 in the note (IAS 10, para. 21).","es":""},"common_error":{"fr":"","en":"Recognising a loss for the destruction of an asset by a disaster after the reporting date.","es":""},"format":"CALCULATION","data":[{"label":{"fr":"","en":"Carrying amount","es":""},"value":"750000","unit":"EUR"},{"label":{"fr":"","en":"Expected compensation","es":""},"value":"500000","unit":"EUR"}],"steps":[{"id":"S1","label":{"fr":"","en":"Estimated net loss (note)","es":""},"answer":250000,"tolerance":0,"unit":"EUR"},{"id":"S2","label":{"fr":"","en":"Adjustment at 31/12/N","es":""},"answer":0,"tolerance":0,"unit":"EUR"}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000043","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.NON_ADJUSTING_EVENTS"],"dimension":"CALCULATION","format":"FILL_BLANK","context":"FINANCE","tested_point":"IAS10_NON_ADJUSTING_EFFECT","difficulty":"BEGINNER","estimated_time_s":90,"lesson_id":"LS.IAS10.000005","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000005","section_id":"numeric-example"},"references":["IAS 10 §11","IAS 10 §21"],"exercise":{"prompt":{"fr":"","en":"Portfolio: 800,000 at 31/12/N; 680,000 at 10/03/N+1 (February crash). Complete.","es":""},"explanation":{"fr":"","en":"No adjustment (IAS 10, para. 11); effect 120,000 disclosed if material (IAS 10, para. 21).","es":""},"common_error":{"fr":"","en":"Bringing the portfolio down to 680,000 in the statement of financial position: the decline caused by the February crash did not exist at the reporting date; it is only disclosed (120,000).","es":""},"format":"FILL_BLANK","text":{"fr":"","en":"Amount in the 31/12/N balance sheet: {{a}}; fall to disclose in the notes: {{b}}.","es":""},"blanks":[{"id":"a","mode":"NUMBER","answer":800000,"tolerance":0},{"id":"b","mode":"NUMBER","answer":120000,"tolerance":0}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000044","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.NON_ADJUSTING_EVENTS"],"dimension":"APPLICATION","format":"SINGLE_CHOICE","context":"GENERIC","tested_point":"IAS10_TAX_RATE_CHANGE","difficulty":"INTERMEDIATE","estimated_time_s":90,"lesson_id":"LS.IAS10.000005","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000005","section_id":"typical-events"},"references":["IAS 10 §22"],"exercise":{"prompt":{"fr":"","en":"A new tax rate is enacted on 25/01/N+1 and significantly changes deferred taxes. Treatment at 31/12/N?","es":""},"explanation":{"fr":"","en":"A change in tax rates enacted after the reporting period is an example of a non-adjusting event: deferred taxes are not remeasured, and the significant effect is disclosed (IAS 10, para. 22).","es":""},"common_error":{"fr":"","en":"Considering that a tax rate change announced after the reporting date changes deferred tax measurement at the reporting date.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"No adjustment; disclosure of the significant effect","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"Remeasure deferred taxes at the new rate","es":""},"correct":false,"feedback":{"fr":"","en":"Rate change after the reporting date: non-adjusting event.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000045","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.NON_ADJUSTING_EVENTS"],"dimension":"APPLICATION","format":"ORDERING","context":"GENERIC","tested_point":"IAS10_NON_ADJUSTING_STEPS","difficulty":"INTERMEDIATE","estimated_time_s":90,"lesson_id":"LS.IAS10.000005","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000005","section_id":"how"},"references":["IAS 10 §3","IAS 10 §10","IAS 10 §21"],"exercise":{"prompt":{"fr":"","en":"Put in order the treatment of a non-adjusting event.","es":""},"explanation":{"fr":"","en":"First check that the condition arose after the reporting date (IAS 10, para. 3); the amounts are then not changed (para. 10); if the event is material, disclose its nature and an estimate of its financial effect, or a statement that it cannot be made (IAS 10, para. 21).","es":""},"common_error":{"fr":"","en":"Changing amounts before checking when the condition arose: an event revealing a new condition does not change the financial statements; at most it calls for disclosure.","es":""},"format":"ORDERING","steps":[{"id":"S1","text":{"fr":"","en":"Check that the condition arose after the reporting date","es":""}},{"id":"S2","text":{"fr":"","en":"Do not change the amounts","es":""}},{"id":"S3","text":{"fr":"","en":"Assess materiality","es":""}},{"id":"S4","text":{"fr":"","en":"Estimate the financial effect or note that it cannot be estimated","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000046","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.NON_ADJUSTING_EVENTS"],"dimension":"ANALYSIS","format":"ERROR_SPOT","context":"GENERIC","tested_point":"IAS10_NON_ADJUSTING_ERRORS","difficulty":"ADVANCED","estimated_time_s":150,"lesson_id":"LS.IAS10.000005","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000005","section_id":"pitfalls"},"references":["IAS 10 §10","IAS 10 §11","IAS 10 §22"],"exercise":{"prompt":{"fr":"","en":"Review these treatments. Spot the errors.","es":""},"explanation":{"fr":"","en":"Error 1: the fall in prices in March does not reflect the condition at the reporting date, so the portfolio is not adjusted (IAS 10, para. 11). Error 3: a restructuring plan announced after the reporting period is a non-adjusting event (IAS 10, para. 22). Point 2 is correct: the February fire is described in the notes with its estimated effect (IAS 10, paras. 10 and 22).","es":""},"format":"ERROR_SPOT","statements":[{"id":"S1","text":{"fr":"","en":"1. The portfolio is written down to the lower March price.","es":""},"erroneous":true,"correction":{"fr":"","en":"No adjustment for a later fall (IAS 10, para. 11).","es":""}},{"id":"S2","text":{"fr":"","en":"2. The February fire is described in the notes with the estimated net loss.","es":""},"erroneous":false},{"id":"S3","text":{"fr":"","en":"3. A restructuring provision is recognised at 31/12/N for a plan announced in February N+1.","es":""},"erroneous":true,"correction":{"fr":"","en":"Restructuring announced after the reporting date: non-adjusting event (IAS 10, para. 22).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000047","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.NON_ADJUSTING_EVENTS"],"dimension":"RECOGNITION","format":"CLASSIFICATION","context":"MANUFACTURING","tested_point":"IAS10_NON_ADJUSTING_EXAMPLES","difficulty":"INTERMEDIATE","estimated_time_s":120,"lesson_id":"LS.IAS10.000005","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000005","section_id":"typical-events"},"references":["IAS 10 §9","IAS 10 §22"],"exercise":{"prompt":{"fr":"","en":"Classify these events occurring between the reporting date and authorisation at Rennoria Industrie.","es":""},"explanation":{"fr":"","en":"IAS 10, para. 22 (non-adjusting) and para. 9 (proceeds of an asset sold before the reporting date).","es":""},"common_error":{"fr":"","en":"Adjusting for the guarantee, the share issue or the February dispute because they are significant: they reveal new conditions; only the final price of an asset sold in December sheds light on the reporting-date condition.","es":""},"format":"CLASSIFICATION","categories":[{"id":"ADJ","text":{"fr":"","en":"Adjusting","es":""}},{"id":"NADJ","text":{"fr":"","en":"Non-adjusting","es":""}}],"items":[{"id":"I1","text":{"fr":"","en":"Significant guarantee given to a partner in February","es":""},"category":"NADJ"},{"id":"I2","text":{"fr":"","en":"Major issue of ordinary shares in March","es":""},"category":"NADJ"},{"id":"I3","text":{"fr":"","en":"Lawsuit arising solely from a February accident","es":""},"category":"NADJ"},{"id":"I4","text":{"fr":"","en":"Final price of an asset sold in December, set in January","es":""},"category":"ADJ"}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000048","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.NON_ADJUSTING_EVENTS"],"dimension":"PROFESSIONAL_JUDGMENT","format":"TRUE_FALSE","context":"RETAIL","tested_point":"IAS10_SPLIT_DECLINE","difficulty":"EXPERT","estimated_time_s":120,"lesson_id":"LS.IAS10.000005","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000005","section_id":"judgment"},"references":["IAS 10 §9","IAS 10 §10"],"exercise":{"prompt":{"fr":"","en":"A later fall in value may combine a part revealing a condition existing at the reporting date (adjusted) and a part due to a new shock (not adjusted).","es":""},"explanation":{"fr":"","en":"True: the part of the decline that sheds light on a condition existing at the reporting date is adjusted (IAS 10, para. 9), the part arising from a new fact is not (IAS 10, para. 10); the split is a judgement to document.","es":""},"common_error":{"fr":"","en":"Not distinguishing the part of a fall in value that reveals a condition existing at the reporting date.","es":""},"format":"TRUE_FALSE","answer":true},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000049","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.NON_ADJUSTING_EVENTS"],"dimension":"ANALYSIS","format":"MINI_CASE","context":"ENERGY","tested_point":"IAS10_NON_ADJUSTING_CASE","difficulty":"EXPERT","estimated_time_s":240,"lesson_id":"LS.IAS10.000005","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000005","section_id":"judgment"},"references":["IAS 10 §10","IAS 10 §21","IAS 10 §22"],"exercise":{"prompt":{"fr":"","en":"Analyse the events at Ulvaria Énergie, a fictitious distributor.","es":""},"explanation":{"fr":"","en":"No adjustment, disclosure by material category (IAS 10, paras. 10 and 21).","es":""},"format":"MINI_CASE","scenario":{"fr":"","en":"Reporting date 31/12/N, authorisation 20/03/N+1. Events: (a) 15/01: abnormal rise in gas prices, cost of N+1 supply contracts increased by about 2,000,000; (b) 10/02: acquisition of a competing network for 6,000,000; (c) 05/03: storm damaging installations, cost not yet estimable.","es":""},"parts":[{"prompt":{"fr":"","en":"None of these events changes the 31/12/N amounts.","es":""},"explanation":{"fr":"","en":"Conditions arising after the reporting date (IAS 10, paras. 10 and 22).","es":""},"common_error":{"fr":"","en":"Adjusting the financial statements for the gas price rise, the acquisition or the storm because they are significant: these conditions arose after the reporting date and call for disclosure, not adjustment.","es":""},"format":"TRUE_FALSE","answer":true,"id":"P1","dimension":"ANALYSIS"},{"prompt":{"fr":"","en":"What must the note contain?","es":""},"explanation":{"fr":"","en":"For each material non-adjusting event, the note gives its nature and an estimate of its financial effect, or a statement that it cannot be made (IAS 10, para. 21); hence (a), (b) and (c). No provision is recognised for these new conditions (IAS 10, para. 22).","es":""},"format":"MULTIPLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"(a) nature and estimated effect of about 2,000,000","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"(b) nature and price of the acquisition","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"(c) nature and statement that the effect cannot yet be estimated","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"(c) a lump-sum provision","es":""},"correct":false,"feedback":{"fr":"","en":"No amount at 31/12/N.","es":""}}],"id":"P2","dimension":"DOCUMENTATION"}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000050","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.NON_ADJUSTING_EVENTS"],"dimension":"RULE_KNOWLEDGE","format":"TRUE_FALSE","context":"GENERIC","tested_point":"IAS10_FV_DECLINE","difficulty":"INTERMEDIATE","estimated_time_s":60,"lesson_id":"LS.IAS10.000005","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000005","section_id":"no-adjustment"},"references":["IAS 10 §11"],"exercise":{"prompt":{"fr":"","en":"After a fall in the fair value of investments after the reporting date, the entity updates the disclosures already given about those investments at the reporting date.","es":""},"explanation":{"fr":"","en":"False: neither the amounts nor the year-end disclosures are updated as a result (IAS 10, para. 11); disclosure of the event may be required if material (IAS 10, para. 21).","es":""},"common_error":{"fr":"","en":"Updating the reporting-date disclosures on the investments as for a contingent liability: the later decline does not relate to the condition at the reporting date; it only calls for disclosure of the event if material.","es":""},"format":"TRUE_FALSE","answer":false},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000051","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.DIVIDENDS"],"dimension":"RULE_KNOWLEDGE","format":"TRUE_FALSE","context":"GENERIC","tested_point":"IAS10_DIVIDEND_NOT_LIABILITY","difficulty":"BEGINNER","estimated_time_s":45,"lesson_id":"LS.IAS10.000006","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000006","section_id":"no-liability"},"references":["IAS 10 §12"],"exercise":{"prompt":{"fr":"","en":"Dividends declared after the reporting date are recognised as a liability at the reporting date.","es":""},"explanation":{"fr":"","en":"False: a dividend declared after the reporting period is not recognised as a liability at the end of the reporting period (IAS 10, para. 12); no obligation existed at that date.","es":""},"common_error":{"fr":"","en":"Recognising as payables at the reporting date dividends declared afterwards.","es":""},"format":"TRUE_FALSE","answer":false},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000052","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.DIVIDENDS"],"dimension":"RULE_KNOWLEDGE","format":"SINGLE_CHOICE","context":"GENERIC","tested_point":"IAS10_DIVIDEND_REASON","difficulty":"INTERMEDIATE","estimated_time_s":60,"lesson_id":"LS.IAS10.000006","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000006","section_id":"no-liability"},"references":["IAS 10 §13"],"exercise":{"prompt":{"fr":"","en":"Why is a dividend declared after the reporting date not a liability at the reporting date?","es":""},"explanation":{"fr":"","en":"The dividend is not a liability at the reporting date because no obligation existed at that date (IAS 10, para. 13, wording before IFRS 18); neither uncertainty about the amount nor materiality is the reason.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"No obligation existed at that date","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"Because its amount is uncertain","es":""},"correct":false,"feedback":{"fr":"","en":"The amount is known; it is the obligation that is missing.","es":""}},{"id":"C","text":{"fr":"","en":"Because it is immaterial","es":""},"correct":false,"feedback":{"fr":"","en":"Materiality is not the reason.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000053","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.DIVIDENDS"],"dimension":"CALCULATION","format":"CALCULATION","context":"GENERIC","tested_point":"IAS10_DIVIDEND_NOTE_AMOUNT","difficulty":"BEGINNER","estimated_time_s":90,"lesson_id":"LS.IAS10.000006","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000006","section_id":"numeric-example"},"references":["IAS 10 §13"],"exercise":{"prompt":{"fr":"","en":"On 05/03/N+1, before the N statements are authorised, the board declares a dividend of 1.20 per share; 750,000 shares. Calculate.","es":""},"explanation":{"fr":"","en":"750,000 × 1.20 = 900,000 in the notes; no liability (IAS 10, paras. 12 and 13, wording before IFRS 18).","es":""},"common_error":{"fr":"","en":"Recognising a 900,000 liability at 31/12/N: declared after the reporting period, the dividend is only disclosed in the notes.","es":""},"format":"CALCULATION","data":[{"label":{"fr":"","en":"Dividend per share","es":""},"value":"1.20","unit":"EUR"},{"label":{"fr":"","en":"Number of shares","es":""},"value":"750000","unit":"UNITS"}],"steps":[{"id":"S1","label":{"fr":"","en":"Amount disclosed in the notes","es":""},"answer":900000,"tolerance":0,"unit":"EUR"},{"id":"S2","label":{"fr":"","en":"Liability at 31/12/N","es":""},"answer":0,"tolerance":0,"unit":"EUR"}],"formula":{"lines":[{"step":"S1","meaning":{"fr":"","en":"Amount disclosed in the notes","es":""},"expression":"a * b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Number of shares","es":""},"value":750000,"unit":"UNITS"},{"symbol":"b","meaning":{"fr":"","en":"Dividend per share","es":""},"value":1.2,"unit":"EUR"}],"result":900000,"unit":"EUR"}],"references":["REF.IAS10.13"]}},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000054","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.DIVIDENDS"],"dimension":"JOURNAL_ENTRY","format":"JOURNAL_ENTRY","context":"GENERIC","tested_point":"IAS10_DIVIDEND_ENTRY","difficulty":"INTERMEDIATE","estimated_time_s":90,"lesson_id":"LS.IAS10.000006","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000006","section_id":"entry"},"references":["IAS 10 §12"],"exercise":{"prompt":{"fr":"","en":"Dividend of 900,000 declared on 05/03/N+1. Record the entry in the period of the declaration.","es":""},"explanation":{"fr":"","en":"Distribution of 900,000 from equity in N+1 (IAS 10, para. 12); no expense.","es":""},"common_error":{"fr":"","en":"Debiting a finance or operating expense: the dividend is a distribution deducted from equity.","es":""},"format":"JOURNAL_ENTRY","accounts":[{"id":"RE","text":{"fr":"","en":"Retained earnings","es":""}},{"id":"DIVP","text":{"fr":"","en":"Dividends payable","es":""}},{"id":"FINX","text":{"fr":"","en":"Finance costs","es":""}}],"lines":[{"id":"L1","account":"RE","side":"DEBIT","amount":900000},{"id":"L2","account":"DIVP","side":"CREDIT","amount":900000}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000055","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.DIVIDENDS"],"dimension":"ANALYSIS","format":"ERROR_SPOT","context":"GENERIC","tested_point":"IAS10_DIVIDEND_ERRORS","difficulty":"INTERMEDIATE","estimated_time_s":120,"lesson_id":"LS.IAS10.000006","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000006","section_id":"pitfalls"},"references":["IAS 10 §12","IAS 10 §13"],"exercise":{"prompt":{"fr":"","en":"Review this treatment of a dividend declared on 10/03/N+1 (authorisation on 20/03/N+1). Spot the errors.","es":""},"explanation":{"fr":"","en":"Error 1: declared on 10/03/N+1, the dividend is not a liability at 31/12/N (IAS 10, para. 12). Error 2: it must be disclosed in the notes (IAS 10, para. 13, wording before IFRS 18). Point 3 is correct: the entry is recorded in the period of declaration.","es":""},"common_error":{"fr":"","en":"Omitting the note disclosure of dividends declared before authorisation for issue.","es":""},"format":"ERROR_SPOT","statements":[{"id":"S1","text":{"fr":"","en":"1. Dividends payable of 500,000 in the 31/12/N balance sheet.","es":""},"erroneous":true,"correction":{"fr":"","en":"No liability at the reporting date (IAS 10, para. 12).","es":""}},{"id":"S2","text":{"fr":"","en":"2. No mention in the notes.","es":""},"erroneous":true,"correction":{"fr":"","en":"Note disclosure required (IAS 10, para. 13, wording before IFRS 18).","es":""}},{"id":"S3","text":{"fr":"","en":"3. Declaration entry recorded in N+1.","es":""},"erroneous":false}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000056","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.DIVIDENDS"],"dimension":"PROFESSIONAL_JUDGMENT","format":"CLASSIFICATION","context":"FINANCE","tested_point":"IAS10_DIVIDEND_DECLARATION_DATE","difficulty":"ADVANCED","estimated_time_s":120,"lesson_id":"LS.IAS10.000006","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000006","section_id":"judgment"},"references":["IAS 10 §12","IAS 10 §13"],"exercise":{"prompt":{"fr":"","en":"Under the law of the case, the obligation to pay arises from the shareholders' vote. Classify Zelborne's situations (reporting date 31/12/N).","es":""},"explanation":{"fr":"","en":"No liability without an obligation existing at the reporting date (IAS 10, paras. 12 and 13, wording before IFRS 18); the act creating the obligation is case data.","es":""},"common_error":{"fr":"","en":"Recognising as a liability the dividend voted in February because it is voted before authorisation: under the law of the case, the obligation arises from the vote, which is after the reporting date.","es":""},"format":"CLASSIFICATION","categories":[{"id":"LIAB","text":{"fr":"","en":"Liability at 31/12/N","es":""}},{"id":"NOTE","text":{"fr":"","en":"No liability; note disclosure","es":""}}],"items":[{"id":"I1","text":{"fr":"","en":"Interim dividend voted by the meeting on 15/12/N, not yet paid","es":""},"category":"LIAB"},{"id":"I2","text":{"fr":"","en":"Dividend voted by the meeting on 05/02/N+1, before the statements are authorised on 10/03/N+1","es":""},"category":"NOTE"},{"id":"I3","text":{"fr":"","en":"Dividend proposed by the board on 01/03/N+1, voted on 15/05/N+1; statements authorised on 10/03/N+1","es":""},"category":"NOTE"}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000057","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.GOING_CONCERN.ASSESSMENT"],"dimension":"RULE_KNOWLEDGE","format":"TRUE_FALSE","context":"GENERIC","tested_point":"IAS10_GC_LIQUIDATION","difficulty":"BEGINNER","estimated_time_s":45,"lesson_id":"LS.IAS10.000007","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000007","section_id":"liquidation-decision"},"references":["IAS 10 §14"],"exercise":{"prompt":{"fr":"","en":"If management decides after the reporting date to liquidate the entity, the financial statements are not prepared on a going concern basis.","es":""},"explanation":{"fr":"","en":"True: an entity does not prepare its financial statements on a going concern basis if, after the reporting period, management decides to liquidate it or cease trading, or has no realistic alternative (IAS 10, para. 14).","es":""},"common_error":{"fr":"","en":"Keeping the going concern basis because the decision comes after the reporting date: a decision to liquidate taken before authorisation rules it out.","es":""},"format":"TRUE_FALSE","answer":true},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000058","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.GOING_CONCERN.ASSESSMENT"],"dimension":"APPLICATION","format":"CLASSIFICATION","context":"MANUFACTURING","tested_point":"IAS10_GC_NO_ALTERNATIVE","difficulty":"INTERMEDIATE","estimated_time_s":120,"lesson_id":"LS.IAS10.000007","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000007","section_id":"liquidation-decision"},"references":["IAS 10 §14"],"exercise":{"prompt":{"fr":"","en":"Do these situations after the reporting date rule out the going concern assumption?","es":""},"explanation":{"fr":"","en":"Intent to liquidate or no realistic alternative → no going concern (IAS 10, para. 14); deterioration → reconsideration (IAS 10, para. 15).","es":""},"common_error":{"fr":"","en":"Ruling out going concern as soon as there are losses: deterioration requires the assumption to be reconsidered; it is only ruled out by a decision to liquidate or the absence of a realistic alternative.","es":""},"format":"CLASSIFICATION","categories":[{"id":"NOGC","text":{"fr":"","en":"Going concern ruled out","es":""}},{"id":"REVIEW","text":{"fr":"","en":"Reconsideration, going concern possible","es":""}}],"items":[{"id":"I1","text":{"fr":"","en":"Formal decision to cease trading","es":""},"category":"NOGC"},{"id":"I2","text":{"fr":"","en":"Banks refusing all financing, no buyer or shareholder willing to support","es":""},"category":"NOGC"},{"id":"I3","text":{"fr":"","en":"January losses, but a new credit line signed","es":""},"category":"REVIEW"}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000059","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.GOING_CONCERN.ASSESSMENT"],"dimension":"RULE_KNOWLEDGE","format":"SINGLE_CHOICE","context":"GENERIC","tested_point":"IAS10_GC_BASIS_CHANGE","difficulty":"INTERMEDIATE","estimated_time_s":60,"lesson_id":"LS.IAS10.000007","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000007","section_id":"deterioration"},"references":["IAS 10 §15"],"exercise":{"prompt":{"fr":"","en":"The going concern assumption is no longer appropriate after a later deterioration. What effect?","es":""},"explanation":{"fr":"","en":"When the going concern assumption is no longer appropriate, the effect is so pervasive that it requires a fundamental change in the basis of accounting, not merely an adjustment of amounts within the usual basis (IAS 10, para. 15).","es":""},"common_error":{"fr":"","en":"Keeping the going concern basis and merely adjusting some amounts after a liquidation decision.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"A fundamental change in the basis of accounting","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"An adjustment of a few amounts within the usual basis","es":""},"correct":false,"feedback":{"fr":"","en":"The effect is more pervasive.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000060","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.GOING_CONCERN.ASSESSMENT"],"dimension":"RULE_KNOWLEDGE","format":"FILL_BLANK","context":"GENERIC","tested_point":"IAS10_GC_DISCLOSURES","difficulty":"INTERMEDIATE","estimated_time_s":75,"lesson_id":"LS.IAS10.000007","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000007","section_id":"deterioration"},"references":["IAS 10 §16"],"exercise":{"prompt":{"fr":"","en":"Complete.","es":""},"explanation":{"fr":"","en":"IAS 1 (wording before IFRS 18) requires disclosures when the financial statements are not prepared on a going concern basis or when there are material uncertainties about going concern; the events giving rise to them may occur after the reporting period (IAS 10, para. 16).","es":""},"common_error":{"fr":"","en":"Omitting disclosures on material uncertainties about going concern.","es":""},"format":"FILL_BLANK","text":{"fr":"","en":"IAS 1 (wording before IFRS 18) specifies the disclosures required when financial statements are not prepared on a going concern basis or when there are material {{a}} about going concern; the events giving rise to these disclosures may arise {{b}} the reporting date.","es":""},"blanks":[{"id":"a","mode":"CHOICE","choices":[{"id":"UNC","text":{"fr":"","en":"uncertainties","es":""}},{"id":"PRO","text":{"fr":"","en":"provisions","es":""}}],"answer":"UNC"},{"id":"b","mode":"CHOICE","choices":[{"id":"AFT","text":{"fr":"","en":"after","es":""}},{"id":"ONLY","text":{"fr":"","en":"only before","es":""}}],"answer":"AFT"}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000061","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.GOING_CONCERN.ASSESSMENT"],"dimension":"APPLICATION","format":"ORDERING","context":"GENERIC","tested_point":"IAS10_GC_REVIEW_STEPS","difficulty":"INTERMEDIATE","estimated_time_s":90,"lesson_id":"LS.IAS10.000007","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000007","section_id":"how"},"references":["IAS 10 §14","IAS 10 §15","IAS 10 §16"],"exercise":{"prompt":{"fr":"","en":"Put in order the going concern review until authorisation.","es":""},"explanation":{"fr":"","en":"List the events after the reporting period, look for a decision to liquidate or no realistic alternative (IAS 10, para. 14), otherwise reconsider the assumption in light of the deterioration (para. 15), then conclude on the basis used and the disclosures (IAS 10, para. 16, wording before IFRS 18).","es":""},"common_error":{"fr":"","en":"Concluding on the basis of accounting without having listed the events up to authorisation or looked for a decision to liquidate.","es":""},"format":"ORDERING","steps":[{"id":"S1","text":{"fr":"","en":"List subsequent events","es":""}},{"id":"S2","text":{"fr":"","en":"Look for a decision to liquidate or the lack of a realistic alternative","es":""}},{"id":"S3","text":{"fr":"","en":"Otherwise, reconsider the assumption in the light of the deterioration","es":""}},{"id":"S4","text":{"fr":"","en":"Conclude on the basis of accounting and disclosures","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000062","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.GOING_CONCERN.ASSESSMENT"],"dimension":"ANALYSIS","format":"ERROR_SPOT","context":"GENERIC","tested_point":"IAS10_GC_ERRORS","difficulty":"ADVANCED","estimated_time_s":120,"lesson_id":"LS.IAS10.000007","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000007","section_id":"pitfalls"},"references":["IAS 10 §14","IAS 10 §15"],"exercise":{"prompt":{"fr":"","en":"Review these going concern conclusions. Spot the errors.","es":""},"explanation":{"fr":"","en":"Error 1: a decision to liquidate taken before authorisation rules out going concern for year N's financial statements (IAS 10, para. 14). Error 2: the effect requires a fundamental change in the basis of accounting, not just an inventory write-down (IAS 10, para. 15). Point 3 is correct (IAS 10, para. 15).","es":""},"common_error":{"fr":"","en":"Ignoring a deterioration after the reporting date when assessing going concern.","es":""},"format":"ERROR_SPOT","statements":[{"id":"S1","text":{"fr":"","en":"1. The decision to liquidate dates from February: the N statements remain on a going concern basis.","es":""},"erroneous":true,"correction":{"fr":"","en":"Decision after the reporting date → no going concern (IAS 10, para. 14).","es":""}},{"id":"S2","text":{"fr":"","en":"2. After the decision to liquidate, we only wrote down inventories.","es":""},"erroneous":true,"correction":{"fr":"","en":"A fundamental change of basis is required (IAS 10, para. 15).","es":""}},{"id":"S3","text":{"fr":"","en":"3. January losses led to reconsidering the going concern assumption.","es":""},"erroneous":false}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000063","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.GOING_CONCERN.ASSESSMENT"],"dimension":"PROFESSIONAL_JUDGMENT","format":"MINI_CASE","context":"TEXTILE","tested_point":"IAS10_GC_REALISTIC_ALTERNATIVE","difficulty":"EXPERT","estimated_time_s":240,"lesson_id":"LS.IAS10.000007","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000007","section_id":"judgment"},"references":["IAS 10 §14","IAS 10 §15","IAS 10 §16"],"exercise":{"prompt":{"fr":"","en":"Analyse the situation of Palvane Tissage, a fictitious subsidiary.","es":""},"explanation":{"fr":"","en":"Decision or no realistic alternative after the reporting date → no going concern; change of basis and disclosures (IAS 10, paras. 14 to 16, wording before IFRS 18).","es":""},"format":"MINI_CASE","scenario":{"fr":"","en":"Reporting date 31/12/N, authorisation planned for 25/03/N+1. On 20/01/N+1, the main customer (60% of sales) terminates its contract. On 15/02, two banks refuse a bridging loan. On 10/03, the parent confirms in writing that it will no longer support the subsidiary; no buyer has been found.","es":""},"parts":[{"prompt":{"fr":"","en":"Losing the customer at least requires the going concern assumption to be reconsidered.","es":""},"explanation":{"fr":"","en":"True: deterioration in operating results and financial position after the reporting period may indicate a need to consider whether the going concern assumption is still appropriate (IAS 10, para. 15).","es":""},"common_error":{"fr":"","en":"Ignoring the loss of the main customer because it occurs after the reporting date: later deterioration requires the going concern assumption to be reconsidered.","es":""},"format":"TRUE_FALSE","answer":true,"id":"P1","dimension":"ANALYSIS"},{"prompt":{"fr":"","en":"At 10/03, which conclusion is the most defensible?","es":""},"explanation":{"fr":"","en":"Contract terminated, loan refused, parent support withdrawn and no buyer: the subsidiary has no realistic alternative but to cease, so year N's financial statements are not prepared on a going concern basis even though the reporting date is earlier (IAS 10, para. 14); the conclusion rests on a documented judgement of the facts.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"No realistic alternative: N statements not on a going concern basis","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"Going concern kept, as the reporting date is earlier","es":""},"correct":false,"feedback":{"fr":"","en":"The reporting date does not protect the assumption.","es":""}}],"id":"P2","dimension":"PROFESSIONAL_JUDGMENT"},{"prompt":{"fr":"","en":"Disclosures of the basis adopted and the reasons are required by IAS 1 (wording before IFRS 18), even if the events are after the reporting date.","es":""},"explanation":{"fr":"","en":"True: IAS 1 (wording before IFRS 18) requires disclosure of the basis used and the reasons when the financial statements are not prepared on a going concern basis, and these disclosures may arise from events after the reporting period (IAS 10, para. 16).","es":""},"common_error":{"fr":"","en":"Thinking that events after the reporting period do not trigger the IAS 1 going concern disclosures: they apply whatever the date of those events.","es":""},"format":"TRUE_FALSE","answer":true,"id":"P3","dimension":"DOCUMENTATION"}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000064","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.GOING_CONCERN.ASSESSMENT"],"dimension":"APPLICATION","format":"SINGLE_CHOICE","context":"GENERIC","tested_point":"IAS10_GC_LIQUIDATION","difficulty":"BEGINNER","estimated_time_s":60,"lesson_id":"LS.IAS10.000007","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000007","section_id":"liquidation-decision"},"references":["IAS 10 §14"],"exercise":{"prompt":{"fr":"","en":"On 01/03/N+1, before authorisation, the management of Wendris Services decides to cease trading permanently. N statements?","es":""},"explanation":{"fr":"","en":"The decision to cease trading, taken before authorisation, rules out the going concern basis for year N's financial statements: a note alone is not enough (IAS 10, para. 14).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Not prepared on a going concern basis","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"Prepared on a going concern basis, with a note","es":""},"correct":false,"feedback":{"fr":"","en":"The decision rules out going concern.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000065","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.AUTHORISATION"],"dimension":"RULE_KNOWLEDGE","format":"TRUE_FALSE","context":"GENERIC","tested_point":"IAS10_DISCLOSE_AUTH_DATE","difficulty":"BEGINNER","estimated_time_s":45,"lesson_id":"LS.IAS10.000008","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"authorisation"},"references":["IAS 10 §17"],"exercise":{"prompt":{"fr":"","en":"The entity discloses the date when its financial statements were authorised for issue and who gave that authorisation.","es":""},"explanation":{"fr":"","en":"True: an entity discloses the date when its financial statements were authorised for issue and who gave that authorisation (IAS 10, para. 17).","es":""},"common_error":{"fr":"","en":"Giving the date without who authorised it, or the reverse: the standard requires both.","es":""},"format":"TRUE_FALSE","answer":true},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000066","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.AUTHORISATION"],"dimension":"RULE_KNOWLEDGE","format":"SINGLE_CHOICE","context":"GENERIC","tested_point":"IAS10_DISCLOSE_POWER_TO_AMEND","difficulty":"INTERMEDIATE","estimated_time_s":60,"lesson_id":"LS.IAS10.000008","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"authorisation"},"references":["IAS 10 §17"],"exercise":{"prompt":{"fr":"","en":"Hivane SA's shareholders can amend the statements after issue. What must the entity do?","es":""},"explanation":{"fr":"","en":"When the owners or others have the power to amend the financial statements after issue, the entity discloses that fact (IAS 10, para. 17); the authorisation date remains the date of issue, not that of the meeting (IAS 10, para. 5).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Disclose that fact in the notes","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"Use the date of the meeting as the date of authorisation","es":""},"correct":false,"feedback":{"fr":"","en":"The date of authorisation remains the date of issue.","es":""}},{"id":"C","text":{"fr":"","en":"Nothing in particular","es":""},"correct":false,"feedback":{"fr":"","en":"This power must be disclosed.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000067","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.AUTHORISATION"],"dimension":"RULE_KNOWLEDGE","format":"FILL_BLANK","context":"GENERIC","tested_point":"IAS10_AUTH_DATE_WHY","difficulty":"INTERMEDIATE","estimated_time_s":60,"lesson_id":"LS.IAS10.000008","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"authorisation"},"references":["IAS 10 §18"],"exercise":{"prompt":{"fr":"","en":"Complete.","es":""},"explanation":{"fr":"","en":"Users need to know when the financial statements were authorised for issue, because they do not reflect events after that date (IAS 10, para. 18).","es":""},"common_error":{"fr":"","en":"Choosing “before”: the financial statements reflect events up to authorisation; it is what follows that date that they do not reflect.","es":""},"format":"FILL_BLANK","text":{"fr":"","en":"It is important for users to know when the financial statements were authorised for issue, because they do not reflect events {{a}} that date.","es":""},"blanks":[{"id":"a","mode":"CHOICE","choices":[{"id":"POST","text":{"fr":"","en":"after","es":""}},{"id":"PRE","text":{"fr":"","en":"before","es":""}}],"answer":"POST"}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000068","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.AUTHORISATION"],"dimension":"DOCUMENTATION","format":"ERROR_SPOT","context":"GENERIC","tested_point":"IAS10_DISCLOSE_AUTH_MISSING","difficulty":"INTERMEDIATE","estimated_time_s":90,"lesson_id":"LS.IAS10.000008","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"pitfalls"},"references":["IAS 10 §17"],"exercise":{"prompt":{"fr":"","en":"Review the first sentence of Calvinor's note. Spot what is missing.","es":""},"explanation":{"fr":"","en":"Gap 1: the note must give the exact authorisation date and who gave it, not just “March N+1”. Gap 2: the general meeting's power to amend the financial statements after issue must be disclosed (IAS 10, para. 17).","es":""},"common_error":{"fr":"","en":"Omitting the date of authorisation for issue or who gave it.","es":""},"format":"ERROR_SPOT","statements":[{"id":"S1","text":{"fr":"","en":"1. 'The financial statements were approved in March N+1.'","es":""},"erroneous":true,"correction":{"fr":"","en":"The exact date and the body that authorised them are needed (IAS 10, para. 17).","es":""}},{"id":"S2","text":{"fr":"","en":"2. The meeting's power to amend the statements is not mentioned.","es":""},"erroneous":true,"correction":{"fr":"","en":"It must be (IAS 10, para. 17).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000069","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.AUTHORISATION"],"dimension":"RECOGNITION","format":"MULTIPLE_CHOICE","context":"GENERIC","tested_point":"IAS10_DISCLOSE_AUTH_DATE","difficulty":"BEGINNER","estimated_time_s":60,"lesson_id":"LS.IAS10.000008","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"authorisation"},"references":["IAS 10 §17"],"exercise":{"prompt":{"fr":"","en":"Which statements does IAS 10 require about authorisation?","es":""},"explanation":{"fr":"","en":"IAS 10 requires disclosure of the date of authorisation for issue and who gave it (IAS 10, para. 17); the number of directors present is not required.","es":""},"format":"MULTIPLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The date","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"The body or persons who authorised","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"The number of directors present","es":""},"correct":false,"feedback":{"fr":"","en":"Not required.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000070","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.UPDATING_CONDITIONS"],"dimension":"RULE_KNOWLEDGE","format":"TRUE_FALSE","context":"GENERIC","tested_point":"IAS10_UPDATE_DISCLOSURE","difficulty":"BEGINNER","estimated_time_s":45,"lesson_id":"LS.IAS10.000008","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"updating"},"references":["IAS 10 §19"],"exercise":{"prompt":{"fr":"","en":"When the entity receives after the reporting date information about a condition that existed at the reporting date, it updates the disclosures about that condition.","es":""},"explanation":{"fr":"","en":"True: information received after the reporting period about a condition that existed at the reporting date leads to updating the disclosures about that condition (IAS 10, para. 19).","es":""},"common_error":{"fr":"","en":"Leaving the reporting-date disclosure unchanged because no amount is adjusted: new information about a reporting-date condition updates the related note.","es":""},"format":"TRUE_FALSE","answer":true},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000071","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.UPDATING_CONDITIONS"],"dimension":"APPLICATION","format":"SINGLE_CHOICE","context":"CONSTRUCTION","tested_point":"IAS10_UPDATE_CONTINGENT_LIABILITY","difficulty":"INTERMEDIATE","estimated_time_s":90,"lesson_id":"LS.IAS10.000008","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"updating"},"references":["IAS 10 §20"],"exercise":{"prompt":{"fr":"","en":"At 31/12/N, Nivelda discloses a contingent liability (a neighbour’s claim). In February, an expert concludes that the claim remains possible but that its potential amount has doubled. Recognised amounts do not change. What should be done?","es":""},"explanation":{"fr":"","en":"The expert's opinion concerns a condition existing at the reporting date: even though the amounts recognised do not change, the contingent liability disclosure is updated (IAS 10, paras. 19 and 20).","es":""},"common_error":{"fr":"","en":"Not updating the disclosure of a contingent liability in the light of evidence received after the reporting date.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Update the disclosure of the contingent liability","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"Change nothing, since amounts are unchanged","es":""},"correct":false,"feedback":{"fr":"","en":"The update is required even with no effect on amounts.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000072","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.UPDATING_CONDITIONS"],"dimension":"RECOGNITION","format":"CLASSIFICATION","context":"GENERIC","tested_point":"IAS10_UPDATE_DISCLOSURE","difficulty":"INTERMEDIATE","estimated_time_s":120,"lesson_id":"LS.IAS10.000008","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"updating"},"references":["IAS 10 §19","IAS 10 §21"],"exercise":{"prompt":{"fr":"","en":"Information received after the reporting date: update of an existing disclosure or new disclosure of a non-adjusting event?","es":""},"explanation":{"fr":"","en":"IAS 10, para. 19 (update) and para. 21 (non-adjusting events).","es":""},"common_error":{"fr":"","en":"Treating the February fire as an update: it reveals a new condition, to be described as a non-adjusting event, not a reporting-date condition.","es":""},"format":"CLASSIFICATION","categories":[{"id":"UPD","text":{"fr":"","en":"Update (condition existing at the reporting date)","es":""}},{"id":"NEW","text":{"fr":"","en":"Non-adjusting event to describe","es":""}}],"items":[{"id":"I1","text":{"fr":"","en":"New opinion on a contingent liability disclosed at 31/12","es":""},"category":"UPD"},{"id":"I2","text":{"fr":"","en":"Fire at a depot in February","es":""},"category":"NEW"},{"id":"I3","text":{"fr":"","en":"Further details received on a tax uncertainty existing at the reporting date","es":""},"category":"UPD"}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000073","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.UPDATING_CONDITIONS"],"dimension":"DOCUMENTATION","format":"TRUE_FALSE","context":"GENERIC","tested_point":"IAS10_UPDATE_DISCLOSURE","difficulty":"INTERMEDIATE","estimated_time_s":90,"lesson_id":"LS.IAS10.000008","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"how"},"references":["IAS 10 §19","IAS 10 §20"],"exercise":{"prompt":{"fr":"","en":"Rereading the year-end notes (contingent liabilities, uncertainties) is part of preparing the note on subsequent events.","es":""},"explanation":{"fr":"","en":"True: it enables the required updates (IAS 10, paras. 19 and 20).","es":""},"common_error":{"fr":"","en":"Only looking at new events: without rereading the reporting-date notes, the required updates for conditions that already existed are missed.","es":""},"format":"TRUE_FALSE","answer":true},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000074","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.UPDATING_CONDITIONS"],"dimension":"PROFESSIONAL_JUDGMENT","format":"MINI_CASE","context":"HEALTHCARE","tested_point":"IAS10_UPDATE_OR_ADJUST","difficulty":"ADVANCED","estimated_time_s":150,"lesson_id":"LS.IAS10.000008","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"judgment"},"references":["IAS 10 §9","IAS 10 §19","IAS 10 §20"],"exercise":{"prompt":{"fr":"","en":"Analyse the claim against Cordaval Santé, a fictitious distributor.","es":""},"explanation":{"fr":"","en":"New information about a year-end condition: adjustment or, at least, update of the note (IAS 10, paras. 9, 19 and 20).","es":""},"format":"MINI_CASE","scenario":{"fr":"","en":"At 31/12/N, a contingent liability is disclosed for a claim by a hospital arising from an N delivery. Two cases are considered for February N+1: (A) the lawyer now considers the outflow probable and quantifies it at 120,000; (B) the lawyer confirms that it remains only possible but specifies the amount at stake.","es":""},"parts":[{"prompt":{"fr":"","en":"Case (A)?","es":""},"explanation":{"fr":"","en":"In case (A), the information received shows that the obligation existing at the reporting date has become probable and measurable: it is an adjusting event, so recognising a provision at 31/12/N must be considered, beyond updating the note (IAS 10, paras. 9 and 20).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Consider recognising a provision at 31/12/N (adjusting event)","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"Mere update of the note","es":""},"correct":false,"feedback":{"fr":"","en":"A probable obligation existing at the reporting date calls for considering recognition.","es":""}}],"id":"P1","dimension":"APPLICATION"},{"prompt":{"fr":"","en":"Case (B)?","es":""},"explanation":{"fr":"","en":"In case (B), the outflow remains only possible: no amount is recognised, but the contingent liability disclosure is updated in light of the new details (IAS 10, paras. 19 and 20).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Update the disclosure of the contingent liability","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"Do nothing","es":""},"correct":false,"feedback":{"fr":"","en":"The disclosure must be updated.","es":""}}],"id":"P2","dimension":"APPLICATION"}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000075","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.NON_ADJUSTING_EVENTS"],"dimension":"RULE_KNOWLEDGE","format":"MULTIPLE_CHOICE","context":"GENERIC","tested_point":"IAS10_NON_ADJ_DISCLOSURE_CONTENT","difficulty":"BEGINNER","estimated_time_s":60,"lesson_id":"LS.IAS10.000008","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"non-adjusting-disclosure"},"references":["IAS 10 §21"],"exercise":{"prompt":{"fr":"","en":"For each material category of non-adjusting events, what must the entity disclose?","es":""},"explanation":{"fr":"","en":"For each material category of non-adjusting events, the entity discloses their nature and an estimate of their financial effect, or a statement that it cannot be made (IAS 10, para. 21); no provision is recognised at 31/12.","es":""},"common_error":{"fr":"","en":"Describing the event without estimating its financial effect or stating that estimation is impossible.","es":""},"format":"MULTIPLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The nature of the event","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"An estimate of the financial effect, or a statement that it cannot be made","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"A provision entry at 31/12","es":""},"correct":false,"feedback":{"fr":"","en":"Non-adjusting event: no amount.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000076","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.NON_ADJUSTING_EVENTS"],"dimension":"RULE_KNOWLEDGE","format":"FILL_BLANK","context":"GENERIC","tested_point":"IAS10_NON_ADJ_MATERIALITY","difficulty":"INTERMEDIATE","estimated_time_s":60,"lesson_id":"LS.IAS10.000008","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"non-adjusting-disclosure"},"references":["IAS 10 §21"],"exercise":{"prompt":{"fr":"","en":"Complete.","es":""},"explanation":{"fr":"","en":"A non-adjusting event is material when omitting it could reasonably be expected to influence the decisions of the primary users of the financial statements; it is then disclosed (IAS 10, para. 21).","es":""},"common_error":{"fr":"","en":"Linking materiality to something other than the primary users' decisions: what matters is the possible influence on those decisions.","es":""},"format":"FILL_BLANK","text":{"fr":"","en":"A non-adjusting event is material when its omission could reasonably be expected to influence the {{a}} of primary users.","es":""},"blanks":[{"id":"a","mode":"CHOICE","choices":[{"id":"DEC","text":{"fr":"","en":"decisions","es":""}},{"id":"FEES","text":{"fr":"","en":"fees","es":""}}],"answer":"DEC"}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000077","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.NON_ADJUSTING_EVENTS"],"dimension":"CALCULATION","format":"CALCULATION","context":"MANUFACTURING","tested_point":"IAS10_NON_ADJ_NOTE_CALC","difficulty":"INTERMEDIATE","estimated_time_s":120,"lesson_id":"LS.IAS10.000008","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"example"},"references":["IAS 10 §21"],"exercise":{"prompt":{"fr":"","en":"On 03/02/N+1, a flood destroys inventories at Rennoria (cost 420,000); insurance will cover 60%. Calculate the financial effect to disclose.","es":""},"explanation":{"fr":"","en":"420,000 × 40% = 168,000, disclosed in the notes; no adjustment at 31/12/N (IAS 10, paras. 10 and 21).","es":""},"common_error":{"fr":"","en":"Disclosing the gross loss of 420,000 or the insured part (252,000): the financial effect is the net loss borne by the entity, 40% of cost.","es":""},"format":"CALCULATION","data":[{"label":{"fr":"","en":"Cost of inventories destroyed","es":""},"value":"420000","unit":"EUR"},{"label":{"fr":"","en":"Cover","es":""},"value":"60","unit":"PERCENT"}],"steps":[{"id":"S1","label":{"fr":"","en":"Estimated net loss","es":""},"answer":168000,"tolerance":0,"unit":"EUR"}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000078","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.NON_ADJUSTING_EVENTS"],"dimension":"RECOGNITION","format":"MATCHING","context":"GENERIC","tested_point":"IAS10_NON_ADJ_CATEGORIES","difficulty":"INTERMEDIATE","estimated_time_s":120,"lesson_id":"LS.IAS10.000008","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"non-adjusting-disclosure"},"references":["IAS 10 §22"],"exercise":{"prompt":{"fr":"","en":"Match each subsequent event with the category of examples in the standard.","es":""},"explanation":{"fr":"","en":"The standard lists as non-adjusting events, among others, a major business combination, the announcement of a major restructuring, abnormally large changes in foreign exchange rates and significant commitments or contingent liabilities (IAS 10, para. 22).","es":""},"common_error":{"fr":"","en":"Mixing up neighbouring categories, for example putting the guarantee under restructurings or the acquisition under price changes: each event follows the matching example in the standard.","es":""},"format":"MATCHING","left":[{"id":"L1","text":{"fr":"","en":"Acquisition of a competitor","es":""}},{"id":"L2","text":{"fr":"","en":"Announcement of a site closure plan","es":""}},{"id":"L3","text":{"fr":"","en":"Collapse of an export currency","es":""}},{"id":"L4","text":{"fr":"","en":"Significant guarantee given to a supplier","es":""}}],"right":[{"id":"R2","text":{"fr":"","en":"Major restructuring","es":""}},{"id":"R3","text":{"fr":"","en":"Abnormal change in exchange rates","es":""}},{"id":"R4","text":{"fr":"","en":"Significant commitment or contingent liability","es":""}},{"id":"R1","text":{"fr":"","en":"Major business combination","es":""}}],"pairs":[{"left":"L1","right":"R1"},{"left":"L2","right":"R2"},{"left":"L3","right":"R3"},{"left":"L4","right":"R4"}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000079","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.NON_ADJUSTING_EVENTS"],"dimension":"APPLICATION","format":"TRUE_FALSE","context":"GENERIC","tested_point":"IAS10_NON_ADJ_OMISSION","difficulty":"INTERMEDIATE","estimated_time_s":90,"lesson_id":"LS.IAS10.000008","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"non-adjusting-disclosure"},"references":["IAS 10 §21","IAS 10 §22"],"exercise":{"prompt":{"fr":"","en":"An entity that signs in February the acquisition of a competitor representing 40% of its size may disclose nothing, since the transaction is after the reporting date.","es":""},"explanation":{"fr":"","en":"False: material non-adjusting event → nature and estimated effect (IAS 10, paras. 21 and 22).","es":""},"common_error":{"fr":"","en":"Omitting a material non-adjusting event (major acquisition, disaster).","es":""},"format":"TRUE_FALSE","answer":false},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000080","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.NON_ADJUSTING_EVENTS"],"dimension":"PROFESSIONAL_JUDGMENT","format":"CLASSIFICATION","context":"TELECOM","tested_point":"IAS10_NON_ADJ_MATERIALITY","difficulty":"ADVANCED","estimated_time_s":150,"lesson_id":"LS.IAS10.000008","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"judgment"},"references":["IAS 10 §21"],"exercise":{"prompt":{"fr":"","en":"N profit: 900,000; equity 12,000,000. Are the following events material for primary users?","es":""},"explanation":{"fr":"","en":"Materiality is assessed by amount and by nature (IAS 10, para. 21); thresholds are a judgement.","es":""},"common_error":{"fr":"","en":"Judging materiality by amount alone: a small transaction that changes the risk profile can be material by its nature.","es":""},"format":"CLASSIFICATION","categories":[{"id":"MAT","text":{"fr":"","en":"Material: to be disclosed","es":""}},{"id":"NMAT","text":{"fr":"","en":"Not material","es":""}}],"items":[{"id":"I1","text":{"fr":"","en":"Net loss of 150,000 on a disaster","es":""},"category":"MAT"},{"id":"I2","text":{"fr":"","en":"Purchase of a service vehicle for 30,000","es":""},"category":"NMAT"},{"id":"I3","text":{"fr":"","en":"Entry into a new foreign market by acquiring an operator, modest amount but changed risk profile","es":""},"category":"MAT"}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000081","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.NON_ADJUSTING_EVENTS"],"dimension":"DOCUMENTATION","format":"ERROR_SPOT","context":"GENERIC","tested_point":"IAS10_NON_ADJ_DISCLOSURE_CONTENT","difficulty":"ADVANCED","estimated_time_s":150,"lesson_id":"LS.IAS10.000008","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"pitfalls"},"references":["IAS 10 §21","IAS 10 §22"],"exercise":{"prompt":{"fr":"","en":"Review the draft note on subsequent events. Spot the non-compliant points.","es":""},"explanation":{"fr":"","en":"Point 1 is non-compliant: the note must estimate the financial effect of the fire, or state that it cannot be made (IAS 10, para. 21). Point 3 is non-compliant: a tax rate change with a large effect after the reporting period must be disclosed (IAS 10, para. 22). Point 2 complies.","es":""},"format":"ERROR_SPOT","statements":[{"id":"S1","text":{"fr":"","en":"1. 'A fire affected a warehouse in February.'","es":""},"erroneous":true,"correction":{"fr":"","en":"The estimated financial effect, or a statement that it cannot be estimated, is missing (IAS 10, para. 21).","es":""}},{"id":"S2","text":{"fr":"","en":"2. 'Acquisition of a competitor on 1 March for 2,500,000; accounting effects not yet estimable.'","es":""},"erroneous":false},{"id":"S3","text":{"fr":"","en":"3. The new tax rate enacted in January, with a significant effect on deferred taxes, is not mentioned.","es":""},"erroneous":true,"correction":{"fr":"","en":"Typical example of an event to disclose (IAS 10, para. 22).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000082","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.AUTHORISATION","IAS10.DISCLOSURE.UPDATING_CONDITIONS","IAS10.DISCLOSURE.NON_ADJUSTING_EVENTS"],"dimension":"DOCUMENTATION","format":"ORDERING","context":"GENERIC","tested_point":"IAS10_SUBSEQUENT_EVENTS_NOTE_STEPS","difficulty":"INTERMEDIATE","estimated_time_s":90,"lesson_id":"LS.IAS10.000008","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"how"},"references":["IAS 10 §17","IAS 10 §19","IAS 10 §21"],"exercise":{"prompt":{"fr":"","en":"Put in order the drafting of the 'subsequent events' note.","es":""},"explanation":{"fr":"","en":"The note gives the authorisation date and who gave it (IAS 10, para. 17), updates disclosures on reporting-date conditions (para. 19), then describes by category the material non-adjusting events, with their nature and financial effect (IAS 10, para. 21).","es":""},"common_error":{"fr":"","en":"Starting with the non-adjusting events and forgetting the authorisation date and the update of reporting-date conditions.","es":""},"format":"ORDERING","steps":[{"id":"S1","text":{"fr":"","en":"Date and author of authorisation","es":""}},{"id":"S2","text":{"fr":"","en":"Update of disclosures about year-end conditions","es":""}},{"id":"S3","text":{"fr":"","en":"List of non-adjusting events by category","es":""}},{"id":"S4","text":{"fr":"","en":"Nature and financial effect of each material category","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000083","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.NON_ADJUSTING_EVENTS"],"dimension":"CALCULATION","format":"FILL_BLANK","context":"FINANCE","tested_point":"IAS10_NON_ADJ_NOTE_CALC","difficulty":"ADVANCED","estimated_time_s":120,"lesson_id":"LS.IAS10.000008","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"example"},"references":["IAS 10 §21","IAS 10 §22"],"exercise":{"prompt":{"fr":"","en":"An export currency falls by 20% in February N+1. Foreign currency receivables at 31/12/N: equivalent 1,500,000; half will be collected after the fall (case assumption). Complete.","es":""},"explanation":{"fr":"","en":"1,500,000 × 50% × 20% = 150,000 in the notes; abnormal exchange rate change after the reporting date: no adjustment (IAS 10, paras. 21 and 22).","es":""},"common_error":{"fr":"","en":"Remeasuring the receivables at the February rate: an abnormal fall in the currency after the reporting date is not adjusted; only the estimated effect (150,000) is disclosed.","es":""},"format":"FILL_BLANK","text":{"fr":"","en":"Estimated financial effect to disclose: {{a}}; adjustment of receivables at 31/12/N: {{b}}.","es":""},"blanks":[{"id":"a","mode":"NUMBER","answer":150000,"tolerance":0},{"id":"b","mode":"NUMBER","answer":0,"tolerance":0}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000084","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.AUTHORISATION","IAS10.DISCLOSURE.UPDATING_CONDITIONS","IAS10.DISCLOSURE.NON_ADJUSTING_EVENTS"],"dimension":"DOCUMENTATION","format":"MINI_CASE","context":"DISTRIBUTION","tested_point":"IAS10_NOTE_DRAFT_REVIEW","difficulty":"EXPERT","estimated_time_s":300,"lesson_id":"LS.IAS10.000008","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"judgment"},"references":["IAS 10 §17","IAS 10 §19","IAS 10 §21","IAS 10 §22"],"exercise":{"prompt":{"fr":"","en":"Prepare the 'subsequent events' note of Ambrival Distribution, fictitious.","es":""},"explanation":{"fr":"","en":"The IAS 10 note combines authorisation, updates and non-adjusting events (IAS 10, paras. 17 to 22).","es":""},"format":"MINI_CASE","scenario":{"fr":"","en":"Reporting date 31/12/N; the board of directors authorises issue on 16/03/N+1; the meeting can amend the statements. Events: (a) 20/01: an expert now considers a contingent liability disclosed at 31/12 to be unlikely; (b) 14/02: fire at a depot, estimated net loss 220,000; (c) 01/03: issue of new shares for 4,000,000.","es":""},"parts":[{"prompt":{"fr":"","en":"Which statements must the note include?","es":""},"explanation":{"fr":"","en":"The note includes the authorisation date and who gave it, with the meeting's power to amend (IAS 10, para. 17), the contingent liability update (para. 19), the fire with its estimated net loss and the share issue if material (IAS 10, paras. 21 and 22); no provision is recognised for the fire.","es":""},"format":"MULTIPLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Authorisation on 16/03/N+1 by the board of directors, and the meeting’s power to amend","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"Update of the contingent liability (a)","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"Fire (b) with an estimated net loss of 220,000","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"Share issue (c), if material","es":""},"correct":true},{"id":"E","text":{"fr":"","en":"A provision of 220,000 at 31/12/N","es":""},"correct":false,"feedback":{"fr":"","en":"Non-adjusting event: no amount.","es":""}}],"id":"P1","dimension":"DOCUMENTATION"},{"prompt":{"fr":"","en":"The March share issue falls within the major ordinary share transactions listed by the standard.","es":""},"explanation":{"fr":"","en":"True: major ordinary share transactions after the reporting period are among the examples of non-adjusting events (IAS 10, para. 22).","es":""},"common_error":{"fr":"","en":"Not recognising the share issue as an event to disclose because it does not affect profit or loss.","es":""},"format":"TRUE_FALSE","answer":true,"id":"P2","dimension":"ANALYSIS"}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000085","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.NON_ADJUSTING_EVENTS"],"dimension":"APPLICATION","format":"SINGLE_CHOICE","context":"GENERIC","tested_point":"IAS10_NON_ADJ_CANNOT_ESTIMATE","difficulty":"INTERMEDIATE","estimated_time_s":75,"lesson_id":"LS.IAS10.000008","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"non-adjusting-disclosure"},"references":["IAS 10 §21"],"exercise":{"prompt":{"fr":"","en":"A major restructuring is announced on 10/03/N+1; its cost is not yet estimable. What does the note contain?","es":""},"explanation":{"fr":"","en":"A major restructuring announced after the reporting period is a non-adjusting event (IAS 10, para. 22); if its effect cannot be estimated, the note gives its nature and states that the estimate cannot be made (IAS 10, para. 21).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Its nature and a statement that the financial effect cannot be estimated","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"Nothing until the cost is known","es":""},"correct":false,"feedback":{"fr":"","en":"The statement of impossibility is required.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000086","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.SCOPE.OBJECTIVE_AND_SCOPE","IAS10.DEFINITIONS.EVENTS_AFTER_REPORTING_PERIOD"],"dimension":"APPLICATION","format":"MINI_CASE","context":"DISTRIBUTION","tested_point":"IAS10_SCOPE_MINI","difficulty":"INTERMEDIATE","estimated_time_s":240,"lesson_id":"LS.IAS10.000001","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000001","section_id":"scope"},"references":["IAS 10 §1","IAS 10 §2","IAS 10 §3","IAS 10 §5"],"exercise":{"prompt":{"fr":"","en":"Determine what falls under IAS 10 in Solmira's closing calendar.","es":""},"explanation":{"fr":"","en":"Approach: (1) set the window, from 31 December N to 12 March N+1, the date of authorisation for issue (IAS 10, paras. 3 and 5); (2) place the ruling and the fire in it, leave out the facts of the year and those after authorisation; (3) for each event kept, IAS 10 decides whether to adjust or disclose, measurement following the standard of the item (IAS 10, paras. 1 and 2). The adjust-or-disclose analysis of (a) and (b) is the subject of the following chapters.","es":""},"common_error":{"fr":"","en":"Confusing the scope of IAS 10 (adjust or disclose for events in the window) with the measurement of items, which belongs to other standards.","es":""},"format":"MINI_CASE","scenario":{"fr":"","en":"Solmira, an electrical equipment wholesaler (a fictitious entity), has a 31 December N year end. Its board of directors authorises the financial statements for issue on 12 March N+1; the shareholders' meeting approves them on 30 April N+1. The group reporting manager has noted four facts (case data): (a) on 20 January N+1, a court ruling confirms that Solmira already owed compensation to a former distributor at 31 December N; (b) on 5 February N+1, a fire destroys a regional warehouse; (c) on 15 October N, a major customer was put into liquidation; (d) on 2 April N+1, Solmira signs the acquisition of a competitor.","es":""},"parts":[{"prompt":{"fr":"","en":"Classify each fact according to whether or not it is an event after the reporting period dealt with by IAS 10.","es":""},"explanation":{"fr":"","en":"An event after the reporting period, favourable or unfavourable, occurs between the end of the reporting period and the date the financial statements are authorised for issue (IAS 10, para. 3): here from 31 December N to 12 March N+1. The ruling (a) and the fire (b) fall within that window; the liquidation (c) occurs during the year and is dealt with in the N accounts under the usual requirements; the acquisition (d) occurs after authorisation for issue, outside the window.","es":""},"common_error":{"fr":"","en":"Placing under IAS 10 every fact known while the accounts are being prepared, including those of the year itself or after authorisation for issue.","es":""},"format":"CLASSIFICATION","categories":[{"id":"IN","text":{"fr":"","en":"Event after the reporting period dealt with by IAS 10","es":""}},{"id":"OUT","text":{"fr":"","en":"Outside the IAS 10 window","es":""}}],"items":[{"id":"I1","text":{"fr":"","en":"(a) The court ruling of 20 January N+1","es":""},"category":"IN"},{"id":"I2","text":{"fr":"","en":"(b) The fire of 5 February N+1","es":""},"category":"IN"},{"id":"I3","text":{"fr":"","en":"(c) The customer's liquidation on 15 October N","es":""},"category":"OUT"},{"id":"I4","text":{"fr":"","en":"(d) The acquisition signed on 2 April N+1","es":""},"category":"OUT"}],"id":"P1","dimension":"RECOGNITION"},{"prompt":{"fr":"","en":"For facts (a) and (b), which questions does IAS 10 settle?","es":""},"explanation":{"fr":"","en":"IAS 10 sets when the entity adjusts its financial statements for events after the reporting period and what information it gives about the date of authorisation for issue and about those events (IAS 10, para. 1); it applies to their accounting and to the disclosures about them (IAS 10, para. 2). It also rules out the going concern basis when subsequent events show that this assumption is no longer appropriate (IAS 10, para. 1).","es":""},"format":"MULTIPLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Must the amounts recognised at 31 December N be adjusted?","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"What information should be given about these events and about the date of authorisation for issue?","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"How should the amount of the compensation owed to the former distributor be measured?","es":""},"correct":false,"feedback":{"fr":"","en":"IAS 10 says whether the event must be taken into account; measuring the liability belongs to the standard of the item concerned, for example IAS 37 for a provision.","es":""}},{"id":"D","text":{"fr":"","en":"How should the January N+1 sales be accounted for?","es":""},"correct":false,"feedback":{"fr":"","en":"The routine transactions of N+1 are not events to be analysed for the N accounts: they are accounted for in N+1 under their own standard. IAS 10 deals with events after the reporting period and the information about them (IAS 10, para. 2).","es":""}}],"id":"P2","dimension":"RULE_KNOWLEDGE"},{"prompt":{"fr":"","en":"Solmira's IAS 10 window ends on 30 April N+1, the date the shareholders approve the accounts.","es":""},"explanation":{"fr":"","en":"False. When the shareholders approve the financial statements after they are issued, the date of authorisation for issue is the date of issue, not the date of approval (IAS 10, para. 5). The window therefore ends on 12 March N+1 (IAS 10, para. 3): the acquisition of 2 April N+1 is not part of it.","es":""},"common_error":{"fr":"","en":"Taking the date of the shareholders' meeting as the end of the window instead of the date the board authorises issue.","es":""},"format":"TRUE_FALSE","answer":false,"id":"P3","dimension":"APPLICATION"}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000087","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.DIVIDENDS"],"dimension":"RULE_KNOWLEDGE","format":"SINGLE_CHOICE","context":"GENERIC","tested_point":"IAS10_V2027_DIVIDEND_NOTE_SOURCE","difficulty":"BEGINNER","estimated_time_s":30,"lesson_id":"LS.IAS10.000009","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000009","section_id":"understand"},"references":["IAS 10 §13"],"exercise":{"prompt":{"fr":"","en":"IFRS 18 version, annual periods beginning on or after 1 January 2027. Under which standard is the disclosure on a dividend declared after the period end given in 2027?","es":""},"explanation":{"fr":"","en":"IAS 10, para. 13 (2027 version): note disclosure under IFRS 18.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"a","text":{"fr":"","en":"IFRS 18","es":""},"correct":true},{"id":"b","text":{"fr":"","en":"IAS 1","es":""},"correct":false,"feedback":{"fr":"","en":"That was the cross-reference before IFRS 18; IAS 1 is replaced in 2027.","es":""}},{"id":"c","text":{"fr":"","en":"IAS 32","es":""},"correct":false,"feedback":{"fr":"","en":"IAS 32 defines equity instruments but does not set this disclosure.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000088","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.DIVIDENDS"],"dimension":"RULE_KNOWLEDGE","format":"TRUE_FALSE","context":"RETAIL","tested_point":"IAS10_V2027_DIVIDEND_NO_LIABILITY","difficulty":"BEGINNER","estimated_time_s":30,"lesson_id":"LS.IAS10.000009","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000009","section_id":"rule"},"references":["IAS 10 §12","IAS 10 §13"],"exercise":{"prompt":{"fr":"","en":"IFRS 18 version, annual periods beginning on or after 1 January 2027. A dividend declared on 15 February 2028 is not a liability at 31 December 2027, as there is no obligation at that date.","es":""},"explanation":{"fr":"","en":"True: the declaration creates the obligation; declared after the period end, the dividend is not a liability at the period end, a rule unchanged in 2027 (paras. 12 and 13).","es":""},"common_error":{"fr":"","en":"Attaching the dividend to the year whose profit it distributes.","es":""},"format":"TRUE_FALSE","answer":true},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000089","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.DIVIDENDS"],"dimension":"APPLICATION","format":"FILL_BLANK","context":"MANUFACTURING","tested_point":"IAS10_V2027_DIVIDEND_AMOUNT","difficulty":"INTERMEDIATE","estimated_time_s":90,"lesson_id":"LS.IAS10.000009","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000009","section_id":"example"},"references":["IAS 10 §12","IAS 10 §13"],"exercise":{"prompt":{"fr":"","en":"IFRS 18 version, annual periods beginning on or after 1 January 2027. Year end 31 December 2027; dividend of 1.50 per share declared on 5 March 2028 on 300,000 shares; accounts authorised on 20 March 2028 (case data). Complete.","es":""},"explanation":{"fr":"","en":"No liability at the period end; note disclosure under IFRS 18: 300,000 × 1.50 = 450,000.","es":""},"common_error":{"fr":"","en":"Recognising 450,000 as a liability at 31 December 2027.","es":""},"format":"FILL_BLANK","text":{"fr":"","en":"Liability at 31 December 2027: {{b1}}. Amount disclosed in the note: {{b2}}.","es":""},"blanks":[{"id":"b1","mode":"CHOICE","choices":[{"id":"x","text":{"fr":"","en":"0","es":""}},{"id":"y","text":{"fr":"","en":"450,000","es":""}}],"answer":"x"},{"id":"b2","mode":"CHOICE","choices":[{"id":"p","text":{"fr":"","en":"450,000","es":""}},{"id":"q","text":{"fr":"","en":"0","es":""}},{"id":"r","text":{"fr":"","en":"300,000","es":""}}],"answer":"p"}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000090","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.DIVIDENDS"],"dimension":"RECOGNITION","format":"CLASSIFICATION","context":"GENERIC","tested_point":"IAS10_V2027_DIVIDEND_WHAT_CHANGES","difficulty":"INTERMEDIATE","estimated_time_s":60,"lesson_id":"LS.IAS10.000009","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000009","section_id":"rule"},"references":["IAS 10 §13"],"exercise":{"prompt":{"fr":"","en":"IFRS 18 version, annual periods beginning on or after 1 January 2027. Classify each item: unchanged or amended by IFRS 18 in IAS 10.","es":""},"explanation":{"fr":"","en":"IFRS 18 only amends the cross-references in paras. 13 (IFRS 18) and 16 (IAS 8); the recognition rules stay the same (IAS 10, para. 23D).","es":""},"common_error":{"fr":"","en":"Believing that IFRS 18 rewrites the IAS 10 rules.","es":""},"format":"CLASSIFICATION","categories":[{"id":"U","text":{"fr":"","en":"Unchanged","es":""}},{"id":"A","text":{"fr":"","en":"Amended","es":""}}],"items":[{"id":"a","text":{"fr":"","en":"No liability for a dividend declared after the period end","es":""},"category":"U"},{"id":"b","text":{"fr":"","en":"Standard setting the disclosure on these dividends","es":""},"category":"A"},{"id":"c","text":{"fr":"","en":"Date of recognition of the dividend liability","es":""},"category":"U"},{"id":"d","text":{"fr":"","en":"Cross-reference for going concern disclosures","es":""},"category":"A"}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000091","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.DIVIDENDS"],"dimension":"ANALYSIS","format":"ERROR_SPOT","context":"FOOD","tested_point":"IAS10_V2027_DIVIDEND_SPOT","difficulty":"ADVANCED","estimated_time_s":90,"lesson_id":"LS.IAS10.000009","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000009","section_id":"pitfalls"},"references":["IAS 10 §12","IAS 10 §13"],"exercise":{"prompt":{"fr":"","en":"IFRS 18 version, annual periods beginning on or after 1 January 2027. Spot the errors in the 2027 year-end note of Bertane SA (fictitious), whose dividend was declared on 12 February 2028 (case data).","es":""},"explanation":{"fr":"","en":"No liability at the period end; note disclosure under IFRS 18.","es":""},"format":"ERROR_SPOT","statements":[{"id":"s1","text":{"fr":"","en":"\"The dividend declared in February 2028 is shown as a liability at 31 December 2027.\"","es":""},"erroneous":true,"correction":{"fr":"","en":"No obligation existed at the period end: no liability (paras. 12 and 13).","es":""}},{"id":"s2","text":{"fr":"","en":"\"Its amount is disclosed in the notes.\"","es":""},"erroneous":false},{"id":"s3","text":{"fr":"","en":"\"This disclosure is given under IAS 1.\"","es":""},"erroneous":true,"correction":{"fr":"","en":"In 2027, the disclosure is given under IFRS 18 (para. 13).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000092","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.GOING_CONCERN.ASSESSMENT"],"dimension":"APPLICATION","format":"SINGLE_CHOICE","context":"MANUFACTURING","tested_point":"IAS10_V2027_GC_LIQUIDATION","difficulty":"INTERMEDIATE","estimated_time_s":75,"lesson_id":"LS.IAS10.000010","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000010","section_id":"rule"},"references":["IAS 10 §14"],"exercise":{"prompt":{"fr":"","en":"IFRS 18 version, annual periods beginning on or after 1 January 2027. Year end 31 December 2027. On 25 February 2028, before authorisation for issue, the board of Noverra SA (fictitious) decides to liquidate the company (case data). On what basis are the 2027 accounts prepared?","es":""},"explanation":{"fr":"","en":"Paras. 14 and 15, unchanged in 2027; the related disclosures come under IAS 8 (para. 6K).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"a","text":{"fr":"","en":"Not on a going concern basis","es":""},"correct":true},{"id":"b","text":{"fr":"","en":"On a going concern basis, as the decision came after the period end","es":""},"correct":false,"feedback":{"fr":"","en":"Para. 14 precisely covers a decision taken after the period end: it rules out the basis.","es":""}},{"id":"c","text":{"fr":"","en":"On a going concern basis, with an adjustment of amounts","es":""},"correct":false,"feedback":{"fr":"","en":"The effect is so pervasive that the basis of accounting changes, rather than amounts being adjusted (para. 15).","es":""}}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000093","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.GOING_CONCERN.ASSESSMENT"],"dimension":"RULE_KNOWLEDGE","format":"TRUE_FALSE","context":"GENERIC","tested_point":"IAS10_V2027_GC_REFERENCE","difficulty":"BEGINNER","estimated_time_s":30,"lesson_id":"LS.IAS10.000010","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000010","section_id":"rule"},"references":["IAS 10 §15","IAS 10 §16"],"exercise":{"prompt":{"fr":"","en":"IFRS 18 version, annual periods beginning on or after 1 January 2027. In the 2027 version, IAS 10 refers to IAS 8 for the disclosures on material going concern uncertainties.","es":""},"explanation":{"fr":"","en":"True: para. 16 amended by IFRS 18; the provisions are in IAS 8 paras. 6K and 6L.","es":""},"common_error":{"fr":"","en":"Looking for these disclosures in IAS 1 in 2027.","es":""},"format":"TRUE_FALSE","answer":true},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000094","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.GOING_CONCERN.ASSESSMENT"],"dimension":"RECOGNITION","format":"CLASSIFICATION","context":"HOSPITALITY","tested_point":"IAS10_V2027_GC_EVENTS","difficulty":"INTERMEDIATE","estimated_time_s":90,"lesson_id":"LS.IAS10.000010","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000010","section_id":"understand"},"references":["IAS 10 §15","IAS 10 §16","IAS 1 §26"],"exercise":{"prompt":{"fr":"","en":"IFRS 18 version, annual periods beginning on or after 1 January 2027. For each fact arising between the period end and the authorisation for issue, state the consequence (the facts are case data).","es":""},"explanation":{"fr":"","en":"Para. 14: decision or no alternative → no going concern basis; para. 15: deterioration → reassessment, then conclusion and disclosures under IAS 8 (paras. 6K, 6L).","es":""},"common_error":{"fr":"","en":"Concluding the basis is abandoned at the first difficulty.","es":""},"format":"CLASSIFICATION","categories":[{"id":"NGC","text":{"fr":"","en":"No going concern basis","es":""}},{"id":"RE","text":{"fr":"","en":"Reassess the basis","es":""}}],"items":[{"id":"a","text":{"fr":"","en":"Board decision to cease all trading","es":""},"category":"NGC"},{"id":"b","text":{"fr":"","en":"Sharp fall in bookings and repeated losses","es":""},"category":"RE"},{"id":"c","text":{"fr":"","en":"No realistic alternative but closure","es":""},"category":"NGC"},{"id":"d","text":{"fr":"","en":"Main lender's withdrawal announced","es":""},"category":"RE"}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000095","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.GOING_CONCERN.ASSESSMENT"],"dimension":"PROFESSIONAL_JUDGMENT","format":"MINI_CASE","context":"TRANSPORT","tested_point":"IAS10_V2027_GC_MINICASE","difficulty":"EXPERT","estimated_time_s":240,"lesson_id":"LS.IAS10.000010","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000010","section_id":"judgment"},"references":["IAS 10 §14","IAS 10 §15","IAS 10 §16","IAS 1 §25"],"exercise":{"prompt":{"fr":"","en":"IFRS 18 version, annual periods beginning on or after 1 January 2027. Read the Fernik SA case and answer.","es":""},"explanation":{"fr":"","en":"Basis kept, material uncertainty disclosed under IAS 8 (para. 6K), later event taken into account (IAS 10, paras. 15 and 16). The assessment of doubt is a management judgement based on the case data.","es":""},"format":"MINI_CASE","scenario":{"fr":"","en":"Fernik SA (fictitious), a carrier, has a year end of 31 December 2027; accounts authorised on 15 March 2028. Case data: in February 2028 its main customer terminates its contract; management does not intend to cease trading and is negotiating new contracts, without certainty; it judges that this situation casts significant doubt on going concern.","es":""},"parts":[{"prompt":{"fr":"","en":"On what basis are the 2027 accounts prepared?","es":""},"explanation":{"fr":"","en":"The basis is still applied; the later event grounds the disclosure of the uncertainty (IAS 10, para. 16; IAS 8, para. 6K).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"a","text":{"fr":"","en":"Going concern, with disclosure of the material uncertainty","es":""},"correct":true},{"id":"b","text":{"fr":"","en":"Liquidation basis","es":""},"correct":false,"feedback":{"fr":"","en":"Neither a decision to cease nor an absence of realistic alternative (para. 14).","es":""}}],"id":"p1","dimension":"APPLICATION"},{"prompt":{"fr":"","en":"The February 2028 event cannot ground the disclosure, as it is after the period end.","es":""},"explanation":{"fr":"","en":"False: the events behind going concern disclosures may arise after the period end (para. 16).","es":""},"common_error":{"fr":"","en":"Limiting going concern to facts known at the period end.","es":""},"format":"TRUE_FALSE","answer":false,"id":"p2","dimension":"RULE_KNOWLEDGE"}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000096","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.DIVIDENDS","IAS10.GOING_CONCERN.ASSESSMENT"],"dimension":"RECOGNITION","format":"MATCHING","context":"GENERIC","tested_point":"IAS10_V2027_PARAGRAPH_MAP","difficulty":"INTERMEDIATE","estimated_time_s":90,"lesson_id":"LS.IAS10.000010","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000010","section_id":"rule"},"references":["IAS 10 §13","IAS 10 §14","IAS 10 §15","IAS 10 §16"],"exercise":{"prompt":{"fr":"","en":"IFRS 18 version, annual periods beginning on or after 1 January 2027. Match each IAS 10 paragraph (2027 version) with its content.","es":""},"explanation":{"fr":"","en":"Paras. 13 and 16: only their cross-references change (IFRS 18, IAS 8); paras. 14 and 15 unchanged (IAS 10, para. 23D).","es":""},"common_error":{"fr":"","en":"Linking para. 16 to IAS 1 in 2027.","es":""},"format":"MATCHING","left":[{"id":"l1","text":{"fr":"","en":"Para. 13","es":""}},{"id":"l2","text":{"fr":"","en":"Para. 14","es":""}},{"id":"l3","text":{"fr":"","en":"Para. 15","es":""}},{"id":"l4","text":{"fr":"","en":"Para. 16","es":""}}],"right":[{"id":"r1","text":{"fr":"","en":"Dividend declared after the period end: no liability, note disclosure under IFRS 18","es":""}},{"id":"r2","text":{"fr":"","en":"Later decision to liquidate or cease: no going concern basis","es":""}},{"id":"r3","text":{"fr":"","en":"Later deterioration: reassess the going concern basis","es":""}},{"id":"r4","text":{"fr":"","en":"Going concern disclosures set by IAS 8","es":""}}],"pairs":[{"left":"l1","right":"r1"},{"left":"l2","right":"r2"},{"left":"l3","right":"r3"},{"left":"l4","right":"r4"}]},"scope":"CORE_STUDENT"},{"key":"LX.IAS10.000097","source":"V2","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.DIVIDENDS"],"dimension":"RULE_KNOWLEDGE","format":"TRUE_FALSE","context":"GENERIC","tested_point":"IAS10_V2027_EFFECTIVE_WITH_IFRS18","difficulty":"INTERMEDIATE","estimated_time_s":45,"lesson_id":"LS.IAS10.000009","review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000009","section_id":"rule"},"references":["IAS 10 §13","IFRS 18 §C1"],"exercise":{"prompt":{"fr":"","en":"IFRS 18 version, annual periods beginning on or after 1 January 2027. An entity that does not apply IFRS 18 early may apply the new cross-references of IAS 10 paras. 13 and 16 as early as 2026.","es":""},"explanation":{"fr":"","en":"False: the amendments to paras. 13 and 16 apply when the entity applies IFRS 18 (IAS 10, para. 23D; IFRS 18, para. C1), not separately.","es":""},"common_error":{"fr":"","en":"Applying a consequential amendment without the standard that produces it.","es":""},"format":"TRUE_FALSE","answer":false},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000001","standard_id":"IAS10","concept_ids":["IAS10.SCOPE.OBJECTIVE_AND_SCOPE"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000001","tested_point":"QST.IAS10.000001","difficulty":"BEGINNER","source":"V1","format":"TRUE_FALSE","estimated_time_s":40,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000001","section_id":"objective"},"references":["IAS 10 §1"],"exercise":{"prompt":{"fr":"","en":"IAS 10 prescribes when an entity adjusts its financial statements for events occurring after the end of the reporting period.","es":""},"explanation":{"fr":"","en":"The objective of the standard covers in particular when the entity adjusts its financial statements for events after the end of the reporting period (IAS 10, para. 1).","es":""},"format":"TRUE_FALSE","answer":true},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000002","standard_id":"IAS10","concept_ids":["IAS10.SCOPE.OBJECTIVE_AND_SCOPE"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000002","tested_point":"QST.IAS10.000002","difficulty":"BEGINNER","source":"V1","format":"TRUE_FALSE","estimated_time_s":40,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000001","section_id":"objective"},"references":["IAS 10 §1"],"exercise":{"prompt":{"fr":"","en":"IAS 10 deals only with recognition: it requires no disclosure about the date of authorisation for issue.","es":""},"explanation":{"fr":"","en":"The objective also covers disclosures about the date of authorisation for issue and about events after the reporting period (IAS 10, para. 1).","es":""},"format":"TRUE_FALSE","answer":false},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000003","standard_id":"IAS10","concept_ids":["IAS10.SCOPE.OBJECTIVE_AND_SCOPE"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000003","tested_point":"QST.IAS10.000003","difficulty":"BEGINNER","source":"V1","format":"TRUE_FALSE","estimated_time_s":40,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000001","section_id":"objective"},"references":["IAS 10 §1"],"exercise":{"prompt":{"fr":"","en":"Under IAS 10, an entity cannot prepare its financial statements on a going concern basis if events after the reporting period show that this basis is not appropriate.","es":""},"explanation":{"fr":"","en":"The standard rules out preparing financial statements on a going concern basis when events after the reporting period show that it is not appropriate (IAS 10, para. 1).","es":""},"format":"TRUE_FALSE","answer":true},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000004","standard_id":"IAS10","concept_ids":["IAS10.SCOPE.OBJECTIVE_AND_SCOPE"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000004","tested_point":"QST.IAS10.000004","difficulty":"BEGINNER","source":"V1","format":"TRUE_FALSE","estimated_time_s":40,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000001","section_id":"objective"},"references":["IAS 10 §2"],"exercise":{"prompt":{"fr":"","en":"IAS 10 applies only to unfavourable events occurring after the reporting period.","es":""},"explanation":{"fr":"","en":"The standard applies to the accounting for, and disclosure of, events after the reporting period (IAS 10, para. 2), without limiting it to unfavourable events; the definition in fact covers both directions (IAS 10, para. 3).","es":""},"format":"TRUE_FALSE","answer":false},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000005","standard_id":"IAS10","concept_ids":["IAS10.SCOPE.OBJECTIVE_AND_SCOPE"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000005","tested_point":"QST.IAS10.000005","difficulty":"BEGINNER","source":"V1","format":"TRUE_FALSE","estimated_time_s":40,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000001","section_id":"objective"},"references":["IAS 10 §2"],"exercise":{"prompt":{"fr":"","en":"The scope of IAS 10 covers both the accounting for events after the reporting period and the disclosures about them.","es":""},"explanation":{"fr":"","en":"The standard applies to the accounting for, and disclosure of, events after the reporting period (IAS 10, para. 2).","es":""},"format":"TRUE_FALSE","answer":true},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000006","standard_id":"IAS10","concept_ids":["IAS10.SCOPE.OBJECTIVE_AND_SCOPE"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000006","tested_point":"QST.IAS10.000006","difficulty":"BEGINNER","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":30,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000001","section_id":"objective"},"references":["IAS 10 §1"],"exercise":{"prompt":{"fr":"","en":"Which of these topics is part of the objective of IAS 10?","es":""},"explanation":{"fr":"","en":"The objective of IAS 10 covers adjusting for events after the reporting period, disclosures about the date of authorisation for issue and about those events, and going concern (IAS 10, para. 1).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The presentation of cash flows for the period.","es":""},"correct":false,"feedback":{"fr":"","en":"Cash flows are not the subject of IAS 10.","es":""}},{"id":"B","text":{"fr":"","en":"The correction of errors discovered two years after the accounts were issued.","es":""},"correct":false,"feedback":{"fr":"","en":"An error discovered after issue falls under another standard.","es":""}},{"id":"C","text":{"fr":"","en":"The choice of accounting policies for inventories.","es":""},"correct":false,"feedback":{"fr":"","en":"The choice of policies is not the subject of IAS 10.","es":""}},{"id":"D","text":{"fr":"","en":"Disclosures about the date when the financial statements were authorised for issue.","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000007","standard_id":"IAS10","concept_ids":["IAS10.SCOPE.OBJECTIVE_AND_SCOPE"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000007","tested_point":"QST.IAS10.000007","difficulty":"BEGINNER","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":60,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000001","section_id":"objective"},"references":["IAS 10 §1"],"exercise":{"prompt":{"fr":"","en":"Which going concern rule is part of the objective of IAS 10?","es":""},"explanation":{"fr":"","en":"The standard rules out preparing financial statements on a going concern basis when events after the reporting period show that this basis is not appropriate (IAS 10, para. 1).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"An entity incurring a loss after the reporting date must always abandon the going concern basis, whatever its cash position.","es":""},"correct":false,"feedback":{"fr":"","en":"A loss is not enough to rule out the basis.","es":""}},{"id":"B","text":{"fr":"","en":"Going concern is assessed only at the end of the reporting period.","es":""},"correct":false,"feedback":{"fr":"","en":"Events after the reporting period may call the basis into question.","es":""}},{"id":"C","text":{"fr":"","en":"The going concern basis is ruled out if events after the reporting period show that it is not appropriate.","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"Going concern belongs exclusively to the management report.","es":""},"correct":false,"feedback":{"fr":"","en":"The standard deals with the matter in the financial statements.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000008","standard_id":"IAS10","concept_ids":["IAS10.SCOPE.OBJECTIVE_AND_SCOPE"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000008","tested_point":"QST.IAS10.000008","difficulty":"BEGINNER","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":60,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000001","section_id":"objective"},"references":["IAS 10 §2"],"exercise":{"prompt":{"fr":"","en":"Chedenne wonders whether IAS 10 applies to a favourable contract signed after its reporting date. What is the answer?","es":""},"explanation":{"fr":"","en":"The standard applies to the accounting for, and disclosure of, events after the reporting period (IAS 10, para. 2); these events may be favourable or unfavourable (IAS 10, para. 3).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Yes, but only if the contract is signed before the profit announcement.","es":""},"correct":false,"feedback":{"fr":"","en":"The profit announcement date does not limit the period.","es":""}},{"id":"B","text":{"fr":"","en":"Yes: the standard applies to events after the reporting period, whether favourable or unfavourable.","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"No: only unfavourable events fall within the standard.","es":""},"correct":false,"feedback":{"fr":"","en":"The direction of the event does not affect the scope.","es":""}},{"id":"D","text":{"fr":"","en":"No: a contract signed after the reporting date belongs only to the next year's accounts, without any analysis.","es":""},"correct":false,"feedback":{"fr":"","en":"The event must be analysed: it may require disclosure.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000009","standard_id":"IAS10","concept_ids":["IAS10.SCOPE.OBJECTIVE_AND_SCOPE"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000009","tested_point":"QST.IAS10.000009","difficulty":"BEGINNER","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":60,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000001","section_id":"objective"},"references":["IAS 10 §1","IAS 10 §2"],"exercise":{"prompt":{"fr":"","en":"Which combination best describes what IAS 10 covers?","es":""},"explanation":{"fr":"","en":"IAS 10 covers adjusting financial statements for events after the reporting period, disclosures about the authorisation date and those events, and going concern (IAS 10, para. 1), within a scope that includes accounting and disclosure (IAS 10, para. 2).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Adjustments, disclosures (events and authorisation date) and going concern.","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"Adjustments for events after the reporting period only.","es":""},"correct":false,"feedback":{"fr":"","en":"Disclosures and going concern are left out.","es":""}},{"id":"C","text":{"fr":"","en":"Correction of prior period errors and changes in accounting policies.","es":""},"correct":false,"feedback":{"fr":"","en":"These topics belong to IAS 8.","es":""}},{"id":"D","text":{"fr":"","en":"Disclosures about events after the reporting period only, without any adjustment of amounts.","es":""},"correct":false,"feedback":{"fr":"","en":"Some events require amounts to be adjusted.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000010","standard_id":"IAS10","concept_ids":["IAS10.DEFINITIONS.EVENTS_AFTER_REPORTING_PERIOD"],"dimension":"RULE_KNOWLEDGE","context":"V1_VG.IAS10.000001","tested_point":"VG.IAS10.000001","difficulty":"BEGINNER","source":"V1","format":"TRUE_FALSE","estimated_time_s":40,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000002","section_id":"definition"},"references":["IAS 10 §7"],"exercise":{"prompt":{"fr":"","en":"The period of events after the reporting period ends on the date the entity publicly announces its profit.","es":""},"explanation":{"fr":"","en":"Events after the reporting period include all events up to the date of authorisation for issue, even after the public announcement of profit (IAS 10, para. 7).","es":""},"format":"TRUE_FALSE","answer":false},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000011","standard_id":"IAS10","concept_ids":["IAS10.DEFINITIONS.EVENTS_AFTER_REPORTING_PERIOD"],"dimension":"RULE_KNOWLEDGE","context":"V1_VG.IAS10.000001","tested_point":"VG.IAS10.000001","difficulty":"INTERMEDIATE","source":"V1","format":"TRUE_FALSE","estimated_time_s":40,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000002","section_id":"definition"},"references":["IAS 10 §7"],"exercise":{"prompt":{"fr":"","en":"An event occurring between the public profit announcement and the date of authorisation for issue is still an event after the reporting period under IAS 10.","es":""},"explanation":{"fr":"","en":"Events after the reporting period include all those occurring up to the authorisation date, even after the public announcement of profit or other financial information (IAS 10, para. 7).","es":""},"format":"TRUE_FALSE","answer":true},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000012","standard_id":"IAS10","concept_ids":["IAS10.DEFINITIONS.EVENTS_AFTER_REPORTING_PERIOD"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000012","tested_point":"QST.IAS10.000012","difficulty":"BEGINNER","source":"V1","format":"TRUE_FALSE","estimated_time_s":40,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000002","section_id":"definition"},"references":["IAS 10 §3"],"exercise":{"prompt":{"fr":"","en":"An event after the reporting period may be favourable to the entity.","es":""},"explanation":{"fr":"","en":"Events after the reporting period may be favourable or unfavourable (IAS 10, para. 3).","es":""},"format":"TRUE_FALSE","answer":true},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000013","standard_id":"IAS10","concept_ids":["IAS10.DEFINITIONS.EVENTS_AFTER_REPORTING_PERIOD"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000013","tested_point":"QST.IAS10.000013","difficulty":"INTERMEDIATE","source":"V1","format":"TRUE_FALSE","estimated_time_s":40,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000002","section_id":"definition"},"references":["IAS 10 §3"],"exercise":{"prompt":{"fr":"","en":"An event occurring after the reporting period is always a non-adjusting event, since it did not exist at the reporting date.","es":""},"explanation":{"fr":"","en":"An event after the reporting period is adjusting when it provides evidence of a condition that existed at the end of the period; only one indicating a condition that arose afterwards is non-adjusting (IAS 10, para. 3).","es":""},"format":"TRUE_FALSE","answer":false},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000014","standard_id":"IAS10","concept_ids":["IAS10.DEFINITIONS.EVENTS_AFTER_REPORTING_PERIOD"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000014","tested_point":"QST.IAS10.000014","difficulty":"BEGINNER","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":30,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000002","section_id":"definition"},"references":["IAS 10 §3"],"exercise":{"prompt":{"fr":"","en":"Which period do events after the reporting period cover?","es":""},"explanation":{"fr":"","en":"Events after the reporting period are those occurring between the end of the reporting period and the date when the financial statements are authorised for issue (IAS 10, para. 3).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"From the end of the reporting period to the annual general meeting that approves the accounts for the year.","es":""},"correct":false,"feedback":{"fr":"","en":"Approval by the meeting is not the limit used.","es":""}},{"id":"B","text":{"fr":"","en":"From the end of the reporting period to the date the financial statements are authorised for issue.","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"From the end of the reporting period to the filing of the tax return.","es":""},"correct":false,"feedback":{"fr":"","en":"The tax return is not a limit in the standard.","es":""}},{"id":"D","text":{"fr":"","en":"From the beginning of the following year to the end of that year.","es":""},"correct":false,"feedback":{"fr":"","en":"The window does not cover a whole year.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000015","standard_id":"IAS10","concept_ids":["IAS10.DEFINITIONS.EVENTS_AFTER_REPORTING_PERIOD"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000015","tested_point":"QST.IAS10.000015","difficulty":"BEGINNER","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":60,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000002","section_id":"definition"},"references":["IAS 10 §3"],"exercise":{"prompt":{"fr":"","en":"What characterises an adjusting event after the reporting period?","es":""},"explanation":{"fr":"","en":"An adjusting event provides evidence of conditions that existed at the end of the reporting period (IAS 10, para. 3).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"It provides evidence of a condition that existed at the end of the reporting period.","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"It has a material effect on profit for the following year and must therefore be anticipated in the accounts of the year just ended.","es":""},"correct":false,"feedback":{"fr":"","en":"The size of the effect does not determine the classification.","es":""}},{"id":"C","text":{"fr":"","en":"Management knew of it before the profit announcement.","es":""},"correct":false,"feedback":{"fr":"","en":"When it became known is not the criterion.","es":""}},{"id":"D","text":{"fr":"","en":"It occurs within a month of the reporting date.","es":""},"correct":false,"feedback":{"fr":"","en":"Elapsed time is not a criterion.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000016","standard_id":"IAS10","concept_ids":["IAS10.DEFINITIONS.EVENTS_AFTER_REPORTING_PERIOD"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000016","tested_point":"QST.IAS10.000016","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":60,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000002","section_id":"definition"},"references":["IAS 10 §3"],"exercise":{"prompt":{"fr":"","en":"A warehouse of Chervouël is flooded three weeks after the reporting date, before the accounts are authorised. How should this event be classified?","es":""},"explanation":{"fr":"","en":"An event indicating a condition that arose after the end of the reporting period is non-adjusting (IAS 10, para. 3).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Adjusting event if the loss exceeds profit for the year.","es":""},"correct":false,"feedback":{"fr":"","en":"The size of the loss does not change the classification.","es":""}},{"id":"B","text":{"fr":"","en":"Adjusting event: it occurs before the accounts are authorised.","es":""},"correct":false,"feedback":{"fr":"","en":"Occurring before authorisation places the event in the window without classifying it.","es":""}},{"id":"C","text":{"fr":"","en":"Non-adjusting event: the condition arose after the reporting date.","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"Out of scope: it relates to the following year only.","es":""},"correct":false,"feedback":{"fr":"","en":"It is within the standard, which may require disclosure.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000017","standard_id":"IAS10","concept_ids":["IAS10.DEFINITIONS.EVENTS_AFTER_REPORTING_PERIOD"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000017","tested_point":"QST.IAS10.000017","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":60,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000002","section_id":"definition"},"references":["IAS 10 §3","IAS 10 §7"],"exercise":{"prompt":{"fr":"","en":"Chydois has a 31 December 2025 year-end, announces its profit on 20 February 2026 and its accounts are authorised on 12 March 2026. A customer goes bankrupt on 2 March 2026. Is this event within the IAS 10 window?","es":""},"explanation":{"fr":"","en":"The window runs from the reporting date to the date of authorisation for issue (IAS 10, para. 3) and includes events after the public profit announcement (IAS 10, para. 7).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Yes, but only if the shareholders have not yet approved the accounts at their annual meeting.","es":""},"correct":false,"feedback":{"fr":"","en":"Shareholder approval is not the limit.","es":""}},{"id":"B","text":{"fr":"","en":"No: it occurs after the public profit announcement.","es":""},"correct":false,"feedback":{"fr":"","en":"The profit announcement does not close the window.","es":""}},{"id":"C","text":{"fr":"","en":"No: only January events are examined.","es":""},"correct":false,"feedback":{"fr":"","en":"No fixed duration is set.","es":""}},{"id":"D","text":{"fr":"","en":"Yes: it occurs before the authorisation date, even after the profit announcement.","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000018","standard_id":"IAS10","concept_ids":["IAS10.DEFINITIONS.EVENTS_AFTER_REPORTING_PERIOD"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000018","tested_point":"QST.IAS10.000018","difficulty":"INTERMEDIATE","source":"V1","format":"MULTIPLE_CHOICE","estimated_time_s":80,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000002","section_id":"definition"},"references":["IAS 10 §3"],"exercise":{"prompt":{"fr":"","en":"Among these events occurring between the reporting date and the authorisation of Chytix's accounts, which provide evidence of a condition existing at the reporting date?","es":""},"explanation":{"fr":"","en":"Only events that provide evidence of conditions existing at the end of the reporting period are adjusting (IAS 10, para. 3).","es":""},"format":"MULTIPLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The purchase of a subsidiary signed after the reporting date.","es":""},"correct":false,"feedback":{"fr":"","en":"The acquisition arises after the reporting date.","es":""}},{"id":"B","text":{"fr":"","en":"A fire destroying a warehouse after the reporting date.","es":""},"correct":false,"feedback":{"fr":"","en":"The fire creates a new condition.","es":""}},{"id":"C","text":{"fr":"","en":"A rise in raw material prices decided by a supplier after the reporting date.","es":""},"correct":false,"feedback":{"fr":"","en":"The price rise arises after the reporting date.","es":""}},{"id":"D","text":{"fr":"","en":"The sale, at a loss, of inventories held at the reporting date, which gives evidence of their value at that date.","es":""},"correct":true},{"id":"E","text":{"fr":"","en":"A judgment against Chytix for damage caused six months before the reporting date.","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000019","standard_id":"IAS10","concept_ids":["IAS10.DEFINITIONS.EVENTS_AFTER_REPORTING_PERIOD"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000019","tested_point":"QST.IAS10.000019","difficulty":"INTERMEDIATE","source":"V1","format":"MULTIPLE_CHOICE","estimated_time_s":80,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000002","section_id":"definition"},"references":["IAS 10 §3","IAS 10 §7"],"exercise":{"prompt":{"fr":"","en":"Chésax has a 30 June 2025 year-end; it issues a press release on its revenue on 25 July, its accounts are authorised on 5 September and approved by the meeting on 10 October. Which events fall within the IAS 10 window?","es":""},"explanation":{"fr":"","en":"The window runs from the reporting date to the date of authorisation for issue (IAS 10, para. 3), including after a release of financial information (IAS 10, para. 7).","es":""},"format":"MULTIPLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The meeting's decision on 10 October.","es":""},"correct":false,"feedback":{"fr":"","en":"The meeting takes place after authorisation.","es":""}},{"id":"B","text":{"fr":"","en":"An interest rate rise on 28 September.","es":""},"correct":false,"feedback":{"fr":"","en":"28 September is after authorisation.","es":""}},{"id":"C","text":{"fr":"","en":"The loss of a major customer on 15 August.","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"A dispute arising on 20 September.","es":""},"correct":false,"feedback":{"fr":"","en":"20 September is after authorisation.","es":""}},{"id":"E","text":{"fr":"","en":"A disposal agreement signed on 1 September.","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000020","standard_id":"IAS10","concept_ids":["IAS10.DEFINITIONS.EVENTS_AFTER_REPORTING_PERIOD"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000020","tested_point":"QST.IAS10.000020","difficulty":"INTERMEDIATE","source":"V1","format":"MULTIPLE_CHOICE","estimated_time_s":110,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000002","section_id":"definition"},"references":["IAS 10 §3"],"exercise":{"prompt":{"fr":"","en":"Which events after the reporting period indicate a condition that arose after Clairouël's reporting date?","es":""},"explanation":{"fr":"","en":"An event indicating a condition that arose after the end of the reporting period is non-adjusting, unlike one that gives evidence of a condition existing at the reporting date (IAS 10, para. 3).","es":""},"format":"MULTIPLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The collection, after the reporting date, of a receivable doubtful at the reporting date, for less than expected.","es":""},"correct":false,"feedback":{"fr":"","en":"The collection gives evidence of the receivable's value at the reporting date.","es":""}},{"id":"B","text":{"fr":"","en":"Confirmation by an expert of a manufacturing defect present in inventories at the reporting date.","es":""},"correct":false,"feedback":{"fr":"","en":"The defect existed at the reporting date.","es":""}},{"id":"C","text":{"fr":"","en":"The signing of a major restructuring contract two weeks after the reporting date.","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"The discovery of a fraud committed during the year just ended.","es":""},"correct":false,"feedback":{"fr":"","en":"The fraud affected the year just ended.","es":""}},{"id":"E","text":{"fr":"","en":"The destruction of a production line by a storm after the reporting date.","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000021","standard_id":"IAS10","concept_ids":["IAS10.DEFINITIONS.EVENTS_AFTER_REPORTING_PERIOD"],"dimension":"ANALYSIS","context":"V1_QST.IAS10.000021","tested_point":"QST.IAS10.000021","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":120,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000002","section_id":"definition"},"references":["IAS 10 §7"],"exercise":{"prompt":{"fr":"","en":"Clirgal's accountant ends the review of events after the reporting period on the day of the annual profit announcement, three weeks before the accounts are authorised. What is the error?","es":""},"explanation":{"fr":"","en":"Events after the reporting period include all events up to the date of authorisation for issue, even after the public profit announcement (IAS 10, para. 7).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The review should have continued until the general meeting that approves the accounts, several months later.","es":""},"correct":false,"feedback":{"fr":"","en":"The general meeting is not the limit of the window.","es":""}},{"id":"B","text":{"fr":"","en":"The window runs until the date of authorisation for issue, beyond the profit announcement.","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"There is no error: the profit announcement freezes the accounts.","es":""},"correct":false,"feedback":{"fr":"","en":"The announcement does not freeze the window.","es":""}},{"id":"D","text":{"fr":"","en":"The review should have stopped at the reporting date.","es":""},"correct":false,"feedback":{"fr":"","en":"Events after the reporting period must be reviewed.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000022","standard_id":"IAS10","concept_ids":["IAS10.DEFINITIONS.EVENTS_AFTER_REPORTING_PERIOD"],"dimension":"ANALYSIS","context":"V1_QST.IAS10.000022","tested_point":"QST.IAS10.000022","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":120,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000002","section_id":"definition"},"references":["IAS 10 §3"],"exercise":{"prompt":{"fr":"","en":"Drairade classifies as 'non-adjusting' a judgment handed down after the reporting date on an accident that occurred during the year, on the ground that the judgment comes later. What is the error?","es":""},"explanation":{"fr":"","en":"An event that provides evidence of a condition existing at the end of the reporting period is adjusting (IAS 10, para. 3).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"A judgment is always outside the scope of IAS 10.","es":""},"correct":false,"feedback":{"fr":"","en":"A judgment is an event after the reporting period like any other.","es":""}},{"id":"B","text":{"fr":"","en":"There is no error: every event after the reporting period is non-adjusting.","es":""},"correct":false,"feedback":{"fr":"","en":"Some events after the reporting period are adjusting.","es":""}},{"id":"C","text":{"fr":"","en":"The judgment should have been ignored as it has no effect on the year's cash.","es":""},"correct":false,"feedback":{"fr":"","en":"The effect on cash is not the criterion.","es":""}},{"id":"D","text":{"fr":"","en":"Classification must rest on the condition revealed, which existed at the reporting date, not on the date of the judgment.","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000023","standard_id":"IAS10","concept_ids":["IAS10.DEFINITIONS.EVENTS_AFTER_REPORTING_PERIOD"],"dimension":"ANALYSIS","context":"V1_QST.IAS10.000023","tested_point":"QST.IAS10.000023","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":150,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000002","section_id":"definition"},"references":["IAS 10 §3"],"exercise":{"prompt":{"fr":"","en":"Draurgane adjusts its accounts for the sudden fall, one month after the reporting date, in demand for a product, on the ground that the event is known before authorisation. Sales of this product were normal up to the reporting date. What is the error?","es":""},"explanation":{"fr":"","en":"An event indicating a condition that arose after the end of the reporting period is non-adjusting (IAS 10, para. 3).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The event should have been ignored because it is unfavourable.","es":""},"correct":false,"feedback":{"fr":"","en":"Unfavourable events are also within the standard.","es":""}},{"id":"B","text":{"fr":"","en":"There is no error: every event known to management before the accounts are authorised must be adjusted at the reporting date.","es":""},"correct":false,"feedback":{"fr":"","en":"When it became known does not determine the classification.","es":""}},{"id":"C","text":{"fr":"","en":"Knowing of it before authorisation is not enough: the fall indicates a condition that arose after the reporting date.","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"The adjustment should have been taken to equity.","es":""},"correct":false,"feedback":{"fr":"","en":"No adjustment is due.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000024","standard_id":"IAS10","concept_ids":["IAS10.DEFINITIONS.AUTHORISATION_DATE"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000024","tested_point":"QST.IAS10.000024","difficulty":"BEGINNER","source":"V1","format":"TRUE_FALSE","estimated_time_s":40,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000003","section_id":"process"},"references":["IAS 10 §4"],"exercise":{"prompt":{"fr":"","en":"The process for authorising financial statements for issue is the same for all entities.","es":""},"explanation":{"fr":"","en":"The authorisation process varies with the management structure, statutory requirements and the procedures for preparing and finalising the accounts (IAS 10, para. 4).","es":""},"format":"TRUE_FALSE","answer":false},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000025","standard_id":"IAS10","concept_ids":["IAS10.DEFINITIONS.AUTHORISATION_DATE"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000025","tested_point":"QST.IAS10.000025","difficulty":"BEGINNER","source":"V1","format":"TRUE_FALSE","estimated_time_s":40,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000003","section_id":"process"},"references":["IAS 10 §5"],"exercise":{"prompt":{"fr":"","en":"When shareholders approve the financial statements after they have been issued, the date of authorisation for issue is the date of the shareholders' meeting.","es":""},"explanation":{"fr":"","en":"In that case, the date of authorisation is the date of issue, not the date of approval by the shareholders (IAS 10, para. 5).","es":""},"format":"TRUE_FALSE","answer":false},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000026","standard_id":"IAS10","concept_ids":["IAS10.DEFINITIONS.AUTHORISATION_DATE"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000026","tested_point":"QST.IAS10.000026","difficulty":"BEGINNER","source":"V1","format":"TRUE_FALSE","estimated_time_s":40,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000003","section_id":"process"},"references":["IAS 10 §6"],"exercise":{"prompt":{"fr":"","en":"If management must submit the financial statements to a supervisory board made up solely of non-executives, they are authorised for issue once management authorises their submission to that board.","es":""},"explanation":{"fr":"","en":"In this governance structure, the financial statements are authorised for issue when management authorises their submission to the supervisory board (IAS 10, para. 6).","es":""},"format":"TRUE_FALSE","answer":true},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000027","standard_id":"IAS10","concept_ids":["IAS10.DEFINITIONS.AUTHORISATION_DATE"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000027","tested_point":"QST.IAS10.000027","difficulty":"BEGINNER","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":30,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000003","section_id":"process"},"references":["IAS 10 §5"],"exercise":{"prompt":{"fr":"","en":"An entity's financial statements are issued, then later approved by its shareholders. Which date of authorisation applies?","es":""},"explanation":{"fr":"","en":"When shareholders approve the accounts after they are issued, the date of authorisation is the date of issue (IAS 10, para. 5).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The date of issue.","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"The date the shareholders' meeting approves the accounts, which comes last.","es":""},"correct":false,"feedback":{"fr":"","en":"Shareholder approval comes after issue.","es":""}},{"id":"C","text":{"fr":"","en":"The date the accounts are filed with the companies registry.","es":""},"correct":false,"feedback":{"fr":"","en":"Filing is not the date used by the standard.","es":""}},{"id":"D","text":{"fr":"","en":"The reporting date, at which the accounts are drawn up.","es":""},"correct":false,"feedback":{"fr":"","en":"The reporting date opens the window, it does not close it.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000028","standard_id":"IAS10","concept_ids":["IAS10.DEFINITIONS.AUTHORISATION_DATE"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000028","tested_point":"QST.IAS10.000028","difficulty":"BEGINNER","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":60,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000003","section_id":"process"},"references":["IAS 10 §6"],"exercise":{"prompt":{"fr":"","en":"An entity's management must submit its financial statements to a supervisory board made up solely of non-executives. When are they authorised for issue?","es":""},"explanation":{"fr":"","en":"When management must submit the accounts to a supervisory board made up solely of non-executives, they are authorised for issue when management authorises their submission (IAS 10, para. 6).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"When the supervisory board approves them at the end of its meeting reviewing the accounts.","es":""},"correct":false,"feedback":{"fr":"","en":"Approval by the board is not the date used.","es":""}},{"id":"B","text":{"fr":"","en":"When management authorises their submission to the board.","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"When the accounts are made available to shareholders at head office.","es":""},"correct":false,"feedback":{"fr":"","en":"Making them available is not the act used.","es":""}},{"id":"D","text":{"fr":"","en":"When the auditors sign their report on the financial statements.","es":""},"correct":false,"feedback":{"fr":"","en":"The auditor's signature is not the act of authorisation.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000029","standard_id":"IAS10","concept_ids":["IAS10.DEFINITIONS.AUTHORISATION_DATE"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000029","tested_point":"QST.IAS10.000029","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":60,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000003","section_id":"process"},"references":["IAS 10 §4"],"exercise":{"prompt":{"fr":"","en":"Under IAS 10, what does the process of authorising financial statements for issue depend on?","es":""},"explanation":{"fr":"","en":"The authorisation process varies with the management structure, statutory requirements and the procedures followed in preparing and finalising the accounts (IAS 10, para. 4).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Only the size of the entity.","es":""},"correct":false,"feedback":{"fr":"","en":"Size is not the factor used.","es":""}},{"id":"B","text":{"fr":"","en":"The amount of profit for the year.","es":""},"correct":false,"feedback":{"fr":"","en":"Profit does not determine the process.","es":""}},{"id":"C","text":{"fr":"","en":"The management structure, statutory requirements and the procedures for finalising the accounts.","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"Only the timetable set by the auditor for issuing the annual report.","es":""},"correct":false,"feedback":{"fr":"","en":"The auditor's timetable is not the factor used.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000030","standard_id":"IAS10","concept_ids":["IAS10.DEFINITIONS.AUTHORISATION_DATE"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000030","tested_point":"QST.IAS10.000030","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":90,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000003","section_id":"process"},"references":["IAS 10 §5"],"exercise":{"prompt":{"fr":"","en":"Geulot issues its accounts on 8 April; the meeting approves them on 28 May. A dispute arises on 2 May. Why is this dispute not an event after the reporting period for these accounts?","es":""},"explanation":{"fr":"","en":"When shareholders approve the accounts after they are issued, the date of authorisation is the date of issue (IAS 10, para. 5); a later event therefore falls outside the window.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Because it arises after 8 April, the authorisation date.","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"Because a dispute is never an event after the reporting period.","es":""},"correct":false,"feedback":{"fr":"","en":"A dispute may be an event after the reporting period if it occurs within the window.","es":""}},{"id":"C","text":{"fr":"","en":"Because disputes arising after the reporting date always belong to the next year without further analysis.","es":""},"correct":false,"feedback":{"fr":"","en":"The analysis depends on the authorisation date.","es":""}},{"id":"D","text":{"fr":"","en":"Because it arises before the meeting, which alone can amend accounts already issued.","es":""},"correct":false,"feedback":{"fr":"","en":"The meeting is not the limit of the window.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000031","standard_id":"IAS10","concept_ids":["IAS10.DEFINITIONS.AUTHORISATION_DATE"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000031","tested_point":"QST.IAS10.000031","difficulty":"INTERMEDIATE","source":"V1","format":"MULTIPLE_CHOICE","estimated_time_s":80,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000003","section_id":"process"},"references":["IAS 10 §4","IAS 10 §5","IAS 10 §6"],"exercise":{"prompt":{"fr":"","en":"Which statements about the date of authorisation for issue are correct?","es":""},"explanation":{"fr":"","en":"The process varies by entity (IAS 10, para. 4); where shareholders approve later, the date is the date of issue (IAS 10, para. 5); with a supervisory board of non-executives, it is management's authorisation of the submission (IAS 10, para. 6).","es":""},"format":"MULTIPLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"It is the date of issue when shareholders approve the accounts afterwards.","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"It is the date of approval by a supervisory board of non-executives.","es":""},"correct":false,"feedback":{"fr":"","en":"Management's authorisation of the submission is what counts.","es":""}},{"id":"C","text":{"fr":"","en":"It is set by the auditor.","es":""},"correct":false,"feedback":{"fr":"","en":"The auditor does not set this date.","es":""}},{"id":"D","text":{"fr":"","en":"The process leading to it varies with governance and statutory requirements.","es":""},"correct":true},{"id":"E","text":{"fr":"","en":"It is always the date of the general meeting.","es":""},"correct":false,"feedback":{"fr":"","en":"The meeting often takes place after issue.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000032","standard_id":"IAS10","concept_ids":["IAS10.DEFINITIONS.AUTHORISATION_DATE"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000032","tested_point":"QST.IAS10.000032","difficulty":"INTERMEDIATE","source":"V1","format":"MULTIPLE_CHOICE","estimated_time_s":110,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000003","section_id":"process"},"references":["IAS 10 §6"],"exercise":{"prompt":{"fr":"","en":"At Gevenne, management authorises on 4 March the submission of the accounts to its supervisory board (non-executives only), which approves them on 19 March; they are released on 24 March. Which statements are correct?","es":""},"explanation":{"fr":"","en":"The financial statements are authorised for issue when management authorises their submission to the supervisory board made up solely of non-executives (IAS 10, para. 6).","es":""},"format":"MULTIPLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The authorisation date is 4 March.","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"The authorisation date is 19 March.","es":""},"correct":false,"feedback":{"fr":"","en":"The board's approval is not used.","es":""}},{"id":"C","text":{"fr":"","en":"The authorisation date is 24 March.","es":""},"correct":false,"feedback":{"fr":"","en":"The release is not used in this structure.","es":""}},{"id":"D","text":{"fr":"","en":"An event on 10 March occurs after the authorisation date.","es":""},"correct":true},{"id":"E","text":{"fr":"","en":"The board's approval does not move the authorisation date.","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000033","standard_id":"IAS10","concept_ids":["IAS10.DEFINITIONS.AUTHORISATION_DATE"],"dimension":"APPLICATION","context":"V1_VG.IAS10.000002","tested_point":"VG.IAS10.000002","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":150,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000003","section_id":"process"},"references":["IAS 10 §5"],"exercise":{"prompt":{"fr":"","en":"Grernade has a 31 December 2025 year-end. Its board of directors finalises and issues the accounts on 18 March 2026; the shareholders' meeting approves them on 26 May 2026. What is the date of authorisation for issue?","es":""},"explanation":{"fr":"","en":"When shareholders approve the accounts after they are issued, the date of authorisation is the date of issue (IAS 10, para. 5).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"26 May 2026, when the shareholders finally approve the accounts.","es":""},"correct":false,"feedback":{"fr":"","en":"The later approval is not used.","es":""}},{"id":"B","text":{"fr":"","en":"31 December 2025, the end of the reporting period.","es":""},"correct":false,"feedback":{"fr":"","en":"The reporting date opens the window.","es":""}},{"id":"C","text":{"fr":"","en":"30 June 2026, the statutory deadline for holding the meeting.","es":""},"correct":false,"feedback":{"fr":"","en":"A statutory deadline is not the authorisation date.","es":""}},{"id":"D","text":{"fr":"","en":"18 March 2026.","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000034","standard_id":"IAS10","concept_ids":["IAS10.DEFINITIONS.AUTHORISATION_DATE"],"dimension":"APPLICATION","context":"V1_VG.IAS10.000002","tested_point":"VG.IAS10.000002","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":150,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000003","section_id":"process"},"references":["IAS 10 §5"],"exercise":{"prompt":{"fr":"","en":"The cooperative Gergax, with a 30 September 2025 year-end, releases its financial statements to its members on 9 December 2025; they approve them at a meeting on 20 January 2026. A fire hits a silo on 5 January 2026. What should be concluded?","es":""},"explanation":{"fr":"","en":"When the owners approve the accounts after they are issued, the date of authorisation is the date of issue (IAS 10, para. 5); a later event does not fall within the window.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The authorisation date is 9 December; the fire is outside the window.","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"The authorisation date is 20 January; the fire is an event after the reporting period to be analysed.","es":""},"correct":false,"feedback":{"fr":"","en":"The members' approval comes after issue.","es":""}},{"id":"C","text":{"fr":"","en":"The authorisation date is 30 September; no event after the reporting period needs analysis.","es":""},"correct":false,"feedback":{"fr":"","en":"The reporting date is not the authorisation date.","es":""}},{"id":"D","text":{"fr":"","en":"A cooperative has no authorisation date, as its members are also its customers.","es":""},"correct":false,"feedback":{"fr":"","en":"The standard applies whatever the form of the entity.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000035","standard_id":"IAS10","concept_ids":["IAS10.DEFINITIONS.AUTHORISATION_DATE"],"dimension":"APPLICATION","context":"V1_QST.IAS10.000035","tested_point":"QST.IAS10.000035","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":180,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000003","section_id":"process"},"references":["IAS 10 §6"],"exercise":{"prompt":{"fr":"","en":"Grimys's management board authorises on 3 March 2026 the submission of the 2025 accounts to the supervisory board, made up of non-executives. The board approves them on 17 March; they are issued on 20 March. What is the date of authorisation for issue?","es":""},"explanation":{"fr":"","en":"When management must submit the accounts to a supervisory board made up solely of non-executives, they are authorised for issue when management authorises that submission (IAS 10, para. 6).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"17 March 2026, when the supervisory board approves the accounts.","es":""},"correct":false,"feedback":{"fr":"","en":"The board's approval is not used.","es":""}},{"id":"B","text":{"fr":"","en":"3 March 2026.","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"20 March 2026, when the accounts are actually issued.","es":""},"correct":false,"feedback":{"fr":"","en":"Actual issue is not used in this structure.","es":""}},{"id":"D","text":{"fr":"","en":"The date of the general meeting following issue.","es":""},"correct":false,"feedback":{"fr":"","en":"The meeting is not used.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000036","standard_id":"IAS10","concept_ids":["IAS10.DEFINITIONS.AUTHORISATION_DATE"],"dimension":"APPLICATION","context":"V1_QST.IAS10.000036","tested_point":"QST.IAS10.000036","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":180,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000003","section_id":"process"},"references":["IAS 10 §6"],"exercise":{"prompt":{"fr":"","en":"At Grirgence, management authorises on 2 February the submission of the accounts to the supervisory board (non-executives), which approves them on 25 February. On 12 February, a major customer is placed in liquidation. How should this event be treated in these accounts?","es":""},"explanation":{"fr":"","en":"In this governance structure, the accounts are authorised for issue when management authorises their submission to the supervisory board (IAS 10, para. 6); a later event does not fall within the window of these accounts.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"It must be adjusted, because any liquidation of a customer reveals a condition existing at the reporting date.","es":""},"correct":false,"feedback":{"fr":"","en":"The event is outside the window; classification does not arise.","es":""}},{"id":"B","text":{"fr":"","en":"It requires the board's approval to be postponed until the customer's liquidation is complete.","es":""},"correct":false,"feedback":{"fr":"","en":"The standard does not require such a postponement.","es":""}},{"id":"C","text":{"fr":"","en":"It occurs after the authorisation date: it does not fall within the window of these accounts.","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"It falls within the window, as the board has not yet approved the accounts at that date.","es":""},"correct":false,"feedback":{"fr":"","en":"The board's approval is not the limit of the window.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000037","standard_id":"IAS10","concept_ids":["IAS10.DEFINITIONS.AUTHORISATION_DATE"],"dimension":"APPLICATION","context":"V1_QST.IAS10.000037","tested_point":"QST.IAS10.000037","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":180,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000003","section_id":"process"},"references":["IAS 10 §5"],"exercise":{"prompt":{"fr":"","en":"Griscane issues its 2025 accounts on 14 April 2026. On 2 May, before the meeting on 19 May, it learns that a customer, already in difficulty at the reporting date, is bankrupt. The finance director proposes to adjust the issued accounts. What is the answer?","es":""},"explanation":{"fr":"","en":"When shareholders approve the accounts after they are issued, the date of authorisation is the date of issue (IAS 10, para. 5); information received afterwards falls outside the window of these accounts.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"They must be adjusted, as the condition existed at the reporting date.","es":""},"correct":false,"feedback":{"fr":"","en":"Classification arises only within the window.","es":""}},{"id":"B","text":{"fr":"","en":"They must be adjusted, as the meeting has not yet approved the accounts.","es":""},"correct":false,"feedback":{"fr":"","en":"The later approval is not the limit of the window.","es":""}},{"id":"C","text":{"fr":"","en":"The meeting must be delayed until the customer's bankruptcy proceedings end.","es":""},"correct":false,"feedback":{"fr":"","en":"The standard does not require such a delay.","es":""}},{"id":"D","text":{"fr":"","en":"The information arrives after the authorisation date (14 April): these accounts are not adjusted under IAS 10.","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000040","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.ADJUSTING_EVENTS"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000040","tested_point":"QST.IAS10.000040","difficulty":"BEGINNER","source":"V1","format":"TRUE_FALSE","estimated_time_s":40,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000004","section_id":"adjust-rule"},"references":["IAS 10 §8"],"exercise":{"prompt":{"fr":"","en":"An entity adjusts the amounts recognised in its financial statements to reflect adjusting events after the reporting period.","es":""},"explanation":{"fr":"","en":"The entity adjusts the amounts recognised to reflect adjusting events after the reporting period (IAS 10, para. 8).","es":""},"format":"TRUE_FALSE","answer":true},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000041","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.ADJUSTING_EVENTS"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000041","tested_point":"QST.IAS10.000041","difficulty":"BEGINNER","source":"V1","format":"TRUE_FALSE","estimated_time_s":40,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000004","section_id":"adjust-rule"},"references":["IAS 10 §9"],"exercise":{"prompt":{"fr":"","en":"The settlement after the reporting period of a court case confirming a present obligation existing at the reporting date is dealt with by a note disclosure only.","es":""},"explanation":{"fr":"","en":"This settlement is an adjusting event: the entity adjusts or recognises a provision instead of merely disclosing a contingent liability (IAS 10, para. 9).","es":""},"format":"TRUE_FALSE","answer":false},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000042","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.ADJUSTING_EVENTS"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000042","tested_point":"QST.IAS10.000042","difficulty":"BEGINNER","source":"V1","format":"TRUE_FALSE","estimated_time_s":40,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000004","section_id":"adjust-rule"},"references":["IAS 10 §9"],"exercise":{"prompt":{"fr":"","en":"The discovery, before the accounts are authorised, of a fraud showing that the financial statements are incorrect is an adjusting event.","es":""},"explanation":{"fr":"","en":"The discovery of fraud or errors showing that the financial statements are incorrect is one of the adjusting events (IAS 10, para. 9).","es":""},"format":"TRUE_FALSE","answer":true},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000043","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.ADJUSTING_EVENTS"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000043","tested_point":"QST.IAS10.000043","difficulty":"BEGINNER","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":30,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000004","section_id":"adjust-rule"},"references":["IAS 10 §9"],"exercise":{"prompt":{"fr":"","en":"Which of these events after the reporting period is an adjusting event?","es":""},"explanation":{"fr":"","en":"The sale of inventories after the reporting period may give evidence of their net realisable value at the reporting date: this is an example of an adjusting event (IAS 10, para. 9).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The sale of inventories after the reporting period, which gives evidence of their net realisable value.","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"The fall in the fair value of listed investments after the reporting period, driven by markets.","es":""},"correct":false,"feedback":{"fr":"","en":"The fall normally reflects later circumstances.","es":""}},{"id":"C","text":{"fr":"","en":"A fire, after the reporting period, at an entity warehouse that was intact at the reporting date.","es":""},"correct":false,"feedback":{"fr":"","en":"The fire creates a new condition.","es":""}},{"id":"D","text":{"fr":"","en":"The announcement of a major restructuring decided by the board after the reporting period.","es":""},"correct":false,"feedback":{"fr":"","en":"The decision is after the reporting date.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000044","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.ADJUSTING_EVENTS"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000044","tested_point":"QST.IAS10.000044","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":60,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000004","section_id":"adjust-rule"},"references":["IAS 10 §9"],"exercise":{"prompt":{"fr":"","en":"The amount of a profit-sharing bonus for the year just ended is determined after the reporting period. In which case is this determination an adjusting event?","es":""},"explanation":{"fr":"","en":"The determination after the reporting period of profit-sharing or bonus payments is adjusting when the entity had at the reporting date a present legal or constructive obligation to make them (IAS 10, para. 9).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"In all cases, since the bonus relates to the results of the year just ended.","es":""},"correct":false,"feedback":{"fr":"","en":"Without an obligation at the reporting date, there is no adjustment.","es":""}},{"id":"B","text":{"fr":"","en":"If the bonus exceeds that of the previous year.","es":""},"correct":false,"feedback":{"fr":"","en":"The change in amount is not the criterion.","es":""}},{"id":"C","text":{"fr":"","en":"If the bonus is paid before the accounts are authorised, whatever the basis of the obligation.","es":""},"correct":false,"feedback":{"fr":"","en":"Payment is not the criterion.","es":""}},{"id":"D","text":{"fr":"","en":"If the entity had, at the reporting date, a present legal or constructive obligation to pay the bonus.","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000045","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.ADJUSTING_EVENTS"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000045","tested_point":"QST.IAS10.000045","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":60,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000004","section_id":"adjust-rule"},"references":["IAS 10 §8"],"exercise":{"prompt":{"fr":"","en":"An adjusting event is identified in February 2026 for accounts with a 31 December 2025 year-end. Which amounts are adjusted?","es":""},"explanation":{"fr":"","en":"The entity adjusts the amounts recognised in its financial statements to reflect adjusting events after the reporting period (IAS 10, para. 8): the accounts of the period just ended are adjusted.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Those in the 2026 financial statements, in profit of the period in which the event occurred.","es":""},"correct":false,"feedback":{"fr":"","en":"The adjustment is not carried forward to the following period.","es":""}},{"id":"B","text":{"fr":"","en":"The 2026 opening equity, through a restatement of comparatives.","es":""},"correct":false,"feedback":{"fr":"","en":"This is not a restatement of comparatives.","es":""}},{"id":"C","text":{"fr":"","en":"Those in the 2025 financial statements.","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"None: the event is only described in the notes to the 2025 accounts.","es":""},"correct":false,"feedback":{"fr":"","en":"Disclosure alone is not enough.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000046","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.ADJUSTING_EVENTS"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000046","tested_point":"QST.IAS10.000046","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":60,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000004","section_id":"adjust-rule"},"references":["IAS 10 §9"],"exercise":{"prompt":{"fr":"","en":"A machine bought in December 2025 has its final price set in January 2026, after its performance has been measured. How should this information be treated in the 2025 accounts?","es":""},"explanation":{"fr":"","en":"The determination after the reporting period of the cost of assets purchased before the reporting date is an adjusting event (IAS 10, para. 9).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Recognise the difference in 2026 profit, the period in which the final price was set.","es":""},"correct":false,"feedback":{"fr":"","en":"The adjustment relates to the 2025 accounts.","es":""}},{"id":"B","text":{"fr":"","en":"Adjust the cost of the machine.","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"Do nothing, the asset having already been recognised at the reporting date on the provisional price.","es":""},"correct":false,"feedback":{"fr":"","en":"The cost must be adjusted.","es":""}},{"id":"D","text":{"fr":"","en":"Disclose it in a note only, since the price was set after the end of the year.","es":""},"correct":false,"feedback":{"fr":"","en":"The information relates to an asset existing at the reporting date.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000047","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.ADJUSTING_EVENTS"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000047","tested_point":"QST.IAS10.000047","difficulty":"INTERMEDIATE","source":"V1","format":"MULTIPLE_CHOICE","estimated_time_s":80,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000004","section_id":"adjust-rule"},"references":["IAS 10 §9"],"exercise":{"prompt":{"fr":"","en":"Which of these events, occurring before the accounts are authorised, are adjusting events?","es":""},"explanation":{"fr":"","en":"The bankruptcy of a customer, the determination of the price of assets sold before the reporting date and the discovery of errors are examples of adjusting events (IAS 10, para. 9).","es":""},"format":"MULTIPLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The setting of the final price of assets sold before the reporting date.","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"A dividend declared after the reporting period.","es":""},"correct":false,"feedback":{"fr":"","en":"It is not a liability at the reporting date.","es":""}},{"id":"C","text":{"fr":"","en":"A tax rate increase enacted after the reporting period.","es":""},"correct":false,"feedback":{"fr":"","en":"It is a non-adjusting event.","es":""}},{"id":"D","text":{"fr":"","en":"The discovery of errors showing that the financial statements are incorrect.","es":""},"correct":true},{"id":"E","text":{"fr":"","en":"The bankruptcy of a customer whose position had already deteriorated at the reporting date.","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000048","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.ADJUSTING_EVENTS"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000048","tested_point":"QST.IAS10.000048","difficulty":"ADVANCED","source":"V1","format":"MULTIPLE_CHOICE","estimated_time_s":110,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000004","section_id":"adjust-rule"},"references":["IAS 10 §3","IAS 10 §9"],"exercise":{"prompt":{"fr":"","en":"A customer of Plaurvian is declared bankrupt in February 2026. Which factors indicate that its position had already deteriorated at 31 December 2025?","es":""},"explanation":{"fr":"","en":"A customer's bankruptcy after the reporting period is adjusting when it confirms an impairment existing at the reporting date (IAS 10, para. 9); one must therefore establish whether the condition existed at the end of the period (IAS 10, para. 3).","es":""},"format":"MULTIPLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"A warning procedure opened by its auditor in November 2025.","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"Its bank's decision, in February 2026, to withdraw funding after a contract loss in January.","es":""},"correct":false,"feedback":{"fr":"","en":"The cause arises after the reporting date.","es":""}},{"id":"C","text":{"fr":"","en":"A flood at its plant in January 2026.","es":""},"correct":false,"feedback":{"fr":"","en":"The flood occurs after the reporting date.","es":""}},{"id":"D","text":{"fr":"","en":"Repeated late payments since September 2025.","es":""},"correct":true},{"id":"E","text":{"fr":"","en":"A competitor entering its market in February 2026.","es":""},"correct":false,"feedback":{"fr":"","en":"The competitor arrives later.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000049","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.ADJUSTING_EVENTS"],"dimension":"CALCULATION","context":"V1_VG.IAS10.000003","tested_point":"VG.IAS10.000003","difficulty":"INTERMEDIATE","source":"V1","format":"NUMERICAL","estimated_time_s":180,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000004","section_id":"adjust-rule"},"references":["IAS 10 §9"],"exercise":{"prompt":{"fr":"","en":"A customer of Gryrnot, in difficulty since autumn 2025, is declared bankrupt in February 2026. The receivable amounts to {receivable}; a loss allowance of {existing_allowance} is already recognised at 31 December 2025. The administrator announces a recovery of {recovery_rate} (case data). What additional amount should be recognised at 31 December 2025?","es":""},"explanation":{"fr":"","en":"The bankruptcy confirms an impairment existing at the reporting date (IAS 10, para. 9); expected loss from the case data: 150,000 × (100% − 20%) = 120,000; additional amount: 120,000 − 12,000 = 108,000.","es":""},"common_error":{"fr":"","en":"Setting the allowance at the full amount of the receivable.","es":""},"format":"CALCULATION","placeholders":[{"id":"receivable","value":"150000","unit":"EUR"},{"id":"existing_allowance","value":"12000","unit":"EUR"},{"id":"recovery_rate","value":"20","unit":"PERCENT"}],"data":[{"label":{"fr":"","en":"Receivable from the customer","es":""},"value":"150000","unit":"EUR"},{"label":{"fr":"","en":"Existing loss allowance","es":""},"value":"12000","unit":"EUR"},{"label":{"fr":"","en":"Expected recovery rate","es":""},"value":"20","unit":"PERCENT"}],"steps":[{"id":"ADDITIONAL_ALLOWANCE","label":{"fr":"","en":"Additional loss allowance","es":""},"answer":108000,"tolerance":0,"unit":"EUR"}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000050","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.ADJUSTING_EVENTS"],"dimension":"CALCULATION","context":"V1_VG.IAS10.000003","tested_point":"VG.IAS10.000003","difficulty":"INTERMEDIATE","source":"V1","format":"NUMERICAL","estimated_time_s":210,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000004","section_id":"adjust-rule"},"references":["IAS 10 §9"],"exercise":{"prompt":{"fr":"","en":"At Grysore, no loss allowance ({existing_allowance}) was recognised on a receivable of {receivable} from a distributor that was falling into arrears before the reporting date. Its liquidation, ordered in January, points to a recovery of {recovery_rate} (case data). What allowance should be recognised at the reporting date?","es":""},"explanation":{"fr":"","en":"The bankruptcy confirms an impairment existing at the reporting date (IAS 10, para. 9); expected loss from the case data: 96,000 × (100% − 25%) = 72,000; additional amount: 72,000 − 0 = 72,000.","es":""},"common_error":{"fr":"","en":"Setting the allowance at the full amount of the receivable.","es":""},"format":"CALCULATION","placeholders":[{"id":"receivable","value":"96000","unit":"EUR"},{"id":"existing_allowance","value":"0","unit":"EUR"},{"id":"recovery_rate","value":"25","unit":"PERCENT"}],"data":[{"label":{"fr":"","en":"Receivable from the customer","es":""},"value":"96000","unit":"EUR"},{"label":{"fr":"","en":"Existing loss allowance","es":""},"value":"0","unit":"EUR"},{"label":{"fr":"","en":"Expected recovery rate","es":""},"value":"25","unit":"PERCENT"}],"steps":[{"id":"ADDITIONAL_ALLOWANCE","label":{"fr":"","en":"Additional loss allowance","es":""},"answer":72000,"tolerance":0,"unit":"EUR"}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000051","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.ADJUSTING_EVENTS"],"dimension":"CALCULATION","context":"V1_VG.IAS10.000003","tested_point":"VG.IAS10.000003","difficulty":"ADVANCED","source":"V1","format":"NUMERICAL","estimated_time_s":210,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000004","section_id":"adjust-rule"},"references":["IAS 10 §9"],"exercise":{"prompt":{"fr":"","en":"Grésine sold parts to a garage whose 2025 accounts already showed negative equity. The garage enters administration in March 2026, before the accounts are authorised; the plan provides for repayment of {recovery_rate} (case data). Receivable: {receivable}; existing allowance: {existing_allowance}. What additional amount at 31 December 2025?","es":""},"explanation":{"fr":"","en":"The bankruptcy confirms an impairment existing at the reporting date (IAS 10, para. 9); expected loss from the case data: 64,000 × (100% − 30%) = 44,800; additional amount: 44,800 − 6,400 = 38,400.","es":""},"common_error":{"fr":"","en":"Setting the allowance at the full amount of the receivable.","es":""},"format":"CALCULATION","placeholders":[{"id":"receivable","value":"64000","unit":"EUR"},{"id":"existing_allowance","value":"6400","unit":"EUR"},{"id":"recovery_rate","value":"30","unit":"PERCENT"}],"data":[{"label":{"fr":"","en":"Receivable from the customer","es":""},"value":"64000","unit":"EUR"},{"label":{"fr":"","en":"Existing loss allowance","es":""},"value":"6400","unit":"EUR"},{"label":{"fr":"","en":"Expected recovery rate","es":""},"value":"30","unit":"PERCENT"}],"steps":[{"id":"ADDITIONAL_ALLOWANCE","label":{"fr":"","en":"Additional loss allowance","es":""},"answer":38400,"tolerance":0,"unit":"EUR"}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000052","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.ADJUSTING_EVENTS"],"dimension":"CALCULATION","context":"V1_VG.IAS10.000004","tested_point":"VG.IAS10.000004","difficulty":"INTERMEDIATE","source":"V1","format":"NUMERICAL","estimated_time_s":180,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000004","section_id":"adjust-rule"},"references":["IAS 10 §9"],"exercise":{"prompt":{"fr":"","en":"Gulbane holds {units} items of an end-of-life range at the reporting date, at a unit cost of {unit_cost}. In January, it sells them all at a unit price of {unit_sale_price}, with unit selling costs of {unit_selling_cost}. What amount should be recognised at the reporting date and what write-down?","es":""},"explanation":{"fr":"","en":"The sale after the reporting period gives evidence of net realisable value at the reporting date (IAS 10, para. 9): (38 − 2) × 2,000 = 72,000, below cost of 90,000; write-down: 90,000 − 72,000 = 18,000.","es":""},"common_error":{"fr":"","en":"Leaving selling costs out of net realisable value.","es":""},"format":"CALCULATION","placeholders":[{"id":"units","value":"2000","unit":"UNITS"},{"id":"unit_cost","value":"45","unit":"EUR"},{"id":"unit_sale_price","value":"38","unit":"EUR"},{"id":"unit_selling_cost","value":"2","unit":"EUR"}],"data":[{"label":{"fr":"","en":"Quantity in inventory at the reporting date","es":""},"value":"2000","unit":"UNITS"},{"label":{"fr":"","en":"Unit cost","es":""},"value":"45","unit":"EUR"},{"label":{"fr":"","en":"Unit selling price obtained after the reporting date","es":""},"value":"38","unit":"EUR"},{"label":{"fr":"","en":"Unit selling costs","es":""},"value":"2","unit":"EUR"}],"steps":[{"id":"INVENTORY_AMOUNT","label":{"fr":"","en":"Inventory amount to recognise","es":""},"answer":72000,"tolerance":0,"unit":"EUR"},{"id":"WRITE_DOWN","label":{"fr":"","en":"Write-down to recognise","es":""},"answer":18000,"tolerance":0,"unit":"EUR"}],"formula":{"lines":[{"step":"INVENTORY_AMOUNT","meaning":{"fr":"","en":"Inventory amount to recognise","es":""},"expression":"(a - b) * c","variables":[{"symbol":"a","meaning":{"fr":"","en":"Unit selling price obtained after the reporting date","es":""},"value":38,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Unit selling costs","es":""},"value":2,"unit":"EUR"},{"symbol":"c","meaning":{"fr":"","en":"Quantity in inventory at the reporting date","es":""},"value":2000,"unit":"UNITS"}],"result":72000,"unit":"EUR","rationale":{"fr":"","en":"The sale after the reporting period gives evidence of net realisable value at the reporting date (IAS 10, para. 9): (38 − 2) × 2,000 = 72,000, below cost of 90,000","es":""}}],"references":["REF.IAS10.9"]}},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000053","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.ADJUSTING_EVENTS"],"dimension":"CALCULATION","context":"V1_VG.IAS10.000004","tested_point":"VG.IAS10.000004","difficulty":"ADVANCED","source":"V1","format":"NUMERICAL","estimated_time_s":210,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000004","section_id":"adjust-rule"},"references":["IAS 10 §9"],"exercise":{"prompt":{"fr":"","en":"A batch of {units} industrial pumps, costing {unit_cost} each, is held in Jairnane's inventory at the reporting date; a design defect had been known since November. They are sold in February at {unit_sale_price} each, with selling costs of {unit_selling_cost} each. Determine the inventory amount and the write-down at the reporting date.","es":""},"explanation":{"fr":"","en":"The sale after the reporting period gives evidence of net realisable value at the reporting date (IAS 10, para. 9): (110 − 6) × 1,500 = 156,000, below cost of 180,000; write-down: 180,000 − 156,000 = 24,000.","es":""},"common_error":{"fr":"","en":"Leaving selling costs out of net realisable value.","es":""},"format":"CALCULATION","placeholders":[{"id":"units","value":"1500","unit":"UNITS"},{"id":"unit_cost","value":"120","unit":"EUR"},{"id":"unit_sale_price","value":"110","unit":"EUR"},{"id":"unit_selling_cost","value":"6","unit":"EUR"}],"data":[{"label":{"fr":"","en":"Quantity in inventory at the reporting date","es":""},"value":"1500","unit":"UNITS"},{"label":{"fr":"","en":"Unit cost","es":""},"value":"120","unit":"EUR"},{"label":{"fr":"","en":"Unit selling price obtained after the reporting date","es":""},"value":"110","unit":"EUR"},{"label":{"fr":"","en":"Unit selling costs","es":""},"value":"6","unit":"EUR"}],"steps":[{"id":"INVENTORY_AMOUNT","label":{"fr":"","en":"Inventory amount to recognise","es":""},"answer":156000,"tolerance":0,"unit":"EUR"},{"id":"WRITE_DOWN","label":{"fr":"","en":"Write-down to recognise","es":""},"answer":24000,"tolerance":0,"unit":"EUR"}],"formula":{"lines":[{"step":"INVENTORY_AMOUNT","meaning":{"fr":"","en":"Inventory amount to recognise","es":""},"expression":"(a - b) * c","variables":[{"symbol":"a","meaning":{"fr":"","en":"Unit selling price obtained after the reporting date","es":""},"value":110,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Unit selling costs","es":""},"value":6,"unit":"EUR"},{"symbol":"c","meaning":{"fr":"","en":"Quantity in inventory at the reporting date","es":""},"value":1500,"unit":"UNITS"}],"result":156000,"unit":"EUR","rationale":{"fr":"","en":"The sale after the reporting period gives evidence of net realisable value at the reporting date (IAS 10, para. 9): (110 − 6) × 1,500 = 156,000, below cost of 180,000","es":""}}],"references":["REF.IAS10.9"]}},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000054","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.ADJUSTING_EVENTS"],"dimension":"CALCULATION","context":"V1_QST.IAS10.000054","tested_point":"QST.IAS10.000054","difficulty":"ADVANCED","source":"V1","format":"NUMERICAL","estimated_time_s":210,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000004","section_id":"adjust-rule"},"references":["IAS 10 §9"],"exercise":{"prompt":{"fr":"","en":"Jaurvot had provided {provision_recorded} at 31 December 2025 for a commercial dispute. In February 2026, before authorisation, the dispute is settled for {settlement_amount}. The expense will be deductible when paid and the deferred tax asset is recoverable at a rate of {tax_rate} (case data). Calculate the additional provision and the net effect on 2025 profit.","es":""},"explanation":{"fr":"","en":"The settlement confirms the obligation existing at the reporting date: the provision is adjusted (IAS 10, para. 9): 95,000 − 70,000 = 25,000; deferred tax effect at the case rate: 6,250; net effect: 18,750.","es":""},"common_error":{"fr":"","en":"Using the gross adjustment as the effect on profit.","es":""},"format":"CALCULATION","placeholders":[{"id":"provision_recorded","value":"70000","unit":"EUR"},{"id":"settlement_amount","value":"95000","unit":"EUR"},{"id":"tax_rate","value":"25","unit":"PERCENT"}],"data":[{"label":{"fr":"","en":"Provision recognised","es":""},"value":"70000","unit":"EUR"},{"label":{"fr":"","en":"Settlement amount","es":""},"value":"95000","unit":"EUR"},{"label":{"fr":"","en":"Tax rate","es":""},"value":"25","unit":"PERCENT"}],"steps":[{"id":"ADDITIONAL_PROVISION","label":{"fr":"","en":"Additional provision","es":""},"answer":25000,"tolerance":0,"unit":"EUR"},{"id":"NET_PROFIT_EFFECT","label":{"fr":"","en":"Net decrease in 2025 profit","es":""},"answer":18750,"tolerance":0,"unit":"EUR"}],"formula":{"lines":[{"step":"ADDITIONAL_PROVISION","meaning":{"fr":"","en":"Additional provision","es":""},"expression":"a - b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Settlement amount","es":""},"value":95000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Provision recognised","es":""},"value":70000,"unit":"EUR"}],"result":25000,"unit":"EUR","rationale":{"fr":"","en":"The settlement confirms the obligation existing at the reporting date: the provision is adjusted (IAS 10, para. 9): 95,000 − 70,000 = 25,000","es":""}}],"references":["REF.IAS10.9"]}},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000055","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.ADJUSTING_EVENTS"],"dimension":"CALCULATION","context":"V1_QST.IAS10.000055","tested_point":"QST.IAS10.000055","difficulty":"INTERMEDIATE","source":"V1","format":"NUMERICAL","estimated_time_s":180,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000004","section_id":"adjust-rule"},"references":["IAS 10 §9"],"exercise":{"prompt":{"fr":"","en":"A company agreement requires Jylbix to pay its staff {share_rate} of its 2025 profit. That profit, finalised in February 2026 before the accounts are authorised, amounts to {profit_base}; an estimate of {accrued_amount} had been recognised at the reporting date. What additional amount should be recognised in 2025?","es":""},"explanation":{"fr":"","en":"The entity had a legal obligation at the reporting date to pay the profit share: its determination after the reporting period is adjusting (IAS 10, para. 9): 2,400,000 × 3% = 72,000; additional amount: 72,000 − 50,000 = 22,000.","es":""},"format":"CALCULATION","placeholders":[{"id":"profit_base","value":"2400000","unit":"EUR"},{"id":"share_rate","value":"3","unit":"PERCENT"},{"id":"accrued_amount","value":"50000","unit":"EUR"}],"data":[{"label":{"fr":"","en":"Profit used as the basis","es":""},"value":"2400000","unit":"EUR"},{"label":{"fr":"","en":"Profit-sharing rate","es":""},"value":"3","unit":"PERCENT"},{"label":{"fr":"","en":"Amount estimated at the reporting date","es":""},"value":"50000","unit":"EUR"}],"steps":[{"id":"ADDITIONAL_ACCRUAL","label":{"fr":"","en":"Additional amount to recognise","es":""},"answer":22000,"tolerance":0,"unit":"EUR"}],"formula":{"lines":[{"step":"ADDITIONAL_ACCRUAL","meaning":{"fr":"","en":"Additional amount to recognise","es":""},"expression":"(a * b) - c","variables":[{"symbol":"a","meaning":{"fr":"","en":"Profit used as the basis","es":""},"value":2400000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Profit-sharing rate","es":""},"value":3,"unit":"PERCENT"},{"symbol":"c","meaning":{"fr":"","en":"Amount estimated at the reporting date","es":""},"value":50000,"unit":"EUR"}],"result":22000,"unit":"EUR"}],"rationale":{"fr":"","en":"The entity had a legal obligation at the reporting date to pay the profit share: its determination after the reporting period is adjusting (IAS 10, para. 9): 2,400,000 × 3% = 72,000","es":""},"references":["REF.IAS10.9"]}},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000056","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.ADJUSTING_EVENTS"],"dimension":"ANALYSIS","context":"V1_QST.IAS10.000056","tested_point":"QST.IAS10.000056","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":120,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000004","section_id":"adjust-rule"},"references":["IAS 10 §9"],"exercise":{"prompt":{"fr":"","en":"In February, a court orders Metence to compensate a customer for a defective delivery made in November. The accountant merely describes a contingent liability in the notes to the accounts for the year ended 31 December. What is the error?","es":""},"explanation":{"fr":"","en":"The settlement after the reporting period of a court case confirming a present obligation at the reporting date leads to adjusting or recognising a provision rather than disclosing a contingent liability (IAS 10, para. 9).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The judgment should have been ignored, as it comes after the reporting date and before authorisation.","es":""},"correct":false,"feedback":{"fr":"","en":"The event falls within the window and must be analysed.","es":""}},{"id":"B","text":{"fr":"","en":"The compensation should have been recognised in the following year's accounts only.","es":""},"correct":false,"feedback":{"fr":"","en":"The adjustment relates to the accounts just closed.","es":""}},{"id":"C","text":{"fr":"","en":"The judgment confirms an obligation existing at the reporting date: a provision must be recognised.","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"There is no error, disclosure of a contingent liability being enough for any dispute pending at the reporting date.","es":""},"correct":false,"feedback":{"fr":"","en":"With the obligation confirmed, disclosure alone is not enough.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000057","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.ADJUSTING_EVENTS"],"dimension":"ANALYSIS","context":"V1_QST.IAS10.000057","tested_point":"QST.IAS10.000057","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":120,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000004","section_id":"adjust-rule"},"references":["IAS 10 §8"],"exercise":{"prompt":{"fr":"","en":"In February 2026, Meurgence identifies an additional loss allowance on a receivable doubtful at 31 December 2025. It records it in its January 2026 books. What is the error?","es":""},"explanation":{"fr":"","en":"The entity adjusts the amounts recognised in its financial statements to reflect adjusting events after the reporting period (IAS 10, para. 8): the entry relates to the period just ended.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The additional amount should have been ignored, the receivable already existing at the reporting date.","es":""},"correct":false,"feedback":{"fr":"","en":"It is precisely because the receivable existed that it is adjusted.","es":""}},{"id":"B","text":{"fr":"","en":"The loss allowance should have been taken directly to 2026 opening equity.","es":""},"correct":false,"feedback":{"fr":"","en":"This is not an opening restatement.","es":""}},{"id":"C","text":{"fr":"","en":"The entry should have been made on the date of the customer's final settlement.","es":""},"correct":false,"feedback":{"fr":"","en":"The adjustment is due at the reporting date.","es":""}},{"id":"D","text":{"fr":"","en":"The adjustment must be recognised in the 2025 accounts.","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000058","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.ADJUSTING_EVENTS"],"dimension":"ANALYSIS","context":"V1_QST.IAS10.000058","tested_point":"QST.IAS10.000058","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":150,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000004","section_id":"adjust-rule"},"references":["IAS 10 §9","IAS 10 §3"],"exercise":{"prompt":{"fr":"","en":"A customer of Milbouël, in arrears since the summer, is put into liquidation in February. The accountant immediately classifies the event as non-adjusting, 'since the liquidation comes later'. What is the error?","es":""},"explanation":{"fr":"","en":"A customer's bankruptcy after the reporting period may indicate that a receivable was impaired at the reporting date (IAS 10, para. 9); the classification depends on whether the condition existed at the end of the period (IAS 10, para. 3).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Failing to examine whether the liquidation reveals a financial position already deteriorated at the reporting date.","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"Analysing the event at all, when customer bankruptcies are out of scope.","es":""},"correct":false,"feedback":{"fr":"","en":"A customer's bankruptcy is an example given by the standard.","es":""}},{"id":"C","text":{"fr":"","en":"Failing to recognise the loss in equity.","es":""},"correct":false,"feedback":{"fr":"","en":"The loss does not go through equity.","es":""}},{"id":"D","text":{"fr":"","en":"Failing to postpone authorisation of the accounts until the liquidation proceedings close.","es":""},"correct":false,"feedback":{"fr":"","en":"The standard does not require such a postponement.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000065","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.ADJUSTING_EVENTS"],"dimension":"APPLICATION","context":"V1_QST.IAS10.000065","tested_point":"QST.IAS10.000065","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":150,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000004","section_id":"adjust-rule"},"references":["IAS 10 §9"],"exercise":{"prompt":{"fr":"","en":"Naidenne sold a building in December 2025 with additional consideration depending on a technical audit. The audit, completed in February 2026 before authorisation, sets the final price. What should be done in the 2025 accounts?","es":""},"explanation":{"fr":"","en":"The determination after the reporting period of the proceeds of assets sold before the reporting date is an adjusting event (IAS 10, para. 9).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Ignore the audit, performed after the reporting date, as it has no effect on the condition existing at that date.","es":""},"correct":false,"feedback":{"fr":"","en":"The audit gives evidence precisely about the 2025 sale.","es":""}},{"id":"B","text":{"fr":"","en":"Adjust the disposal proceeds to the final price.","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"Disclose the final price in a note without changing the disposal proceeds recognised in 2025.","es":""},"correct":false,"feedback":{"fr":"","en":"The amounts must be adjusted.","es":""}},{"id":"D","text":{"fr":"","en":"Recognise the additional consideration in 2026, the period of the audit.","es":""},"correct":false,"feedback":{"fr":"","en":"The adjustment relates to 2025.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000066","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.ADJUSTING_EVENTS"],"dimension":"APPLICATION","context":"V1_QST.IAS10.000066","tested_point":"QST.IAS10.000066","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":180,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000004","section_id":"adjust-rule"},"references":["IAS 10 §3","IAS 10 §9"],"exercise":{"prompt":{"fr":"","en":"A customer of Neulvot, solvent and up to date with its payments at 31 December, sees its only plant destroyed by fire on 15 January and files for bankruptcy in February. How should the receivable be treated in Neulvot's accounts?","es":""},"explanation":{"fr":"","en":"The classification depends on whether the condition existed at the reporting date (IAS 10, para. 3); a customer's bankruptcy is an example of an adjusting event only when it confirms an impairment existing at the reporting date (IAS 10, para. 9).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Partial adjustment, for half the receivable, as a precaution.","es":""},"correct":false,"feedback":{"fr":"","en":"No flat-rate adjustment is provided for.","es":""}},{"id":"B","text":{"fr":"","en":"Adjustment, because any customer bankruptcy before the accounts are authorised reveals an impairment existing at the reporting date.","es":""},"correct":false,"feedback":{"fr":"","en":"A bankruptcy is adjusting only if the condition existed at the reporting date.","es":""}},{"id":"C","text":{"fr":"","en":"No adjustment: the customer's condition arose after the reporting date; disclosure may be required.","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"No treatment: the event concerns the customer, not the entity, and remains out of scope.","es":""},"correct":false,"feedback":{"fr":"","en":"The event affects a receivable of the entity and must be analysed.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000067","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.ADJUSTING_EVENTS"],"dimension":"APPLICATION","context":"V1_QST.IAS10.000067","tested_point":"QST.IAS10.000067","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":180,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000004","section_id":"adjust-rule"},"references":["IAS 10 §9"],"exercise":{"prompt":{"fr":"","en":"At 31 December, Neumois holds phones of a model replaced by its manufacturer in November. In January, it sells them below cost. What should be concluded for the accounts at 31 December?","es":""},"explanation":{"fr":"","en":"The sale of inventories after the reporting period may give evidence of their net realisable value at the reporting date; it is an adjusting event (IAS 10, para. 9).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The January sale is an event of the following period, with no effect on the accounts just closed.","es":""},"correct":false,"feedback":{"fr":"","en":"The sale gives evidence of value at the reporting date.","es":""}},{"id":"B","text":{"fr":"","en":"The sale confirms a loss in value already present at the reporting date: the inventory is written down.","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"The sale at a loss should only be disclosed in the notes, without changing the inventory amount.","es":""},"correct":false,"feedback":{"fr":"","en":"The amounts must be adjusted.","es":""}},{"id":"D","text":{"fr":"","en":"One must wait until the inventory is entirely sold to measure the loss.","es":""},"correct":false,"feedback":{"fr":"","en":"The sale already provides the necessary evidence.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000068","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.ADJUSTING_EVENTS"],"dimension":"APPLICATION","context":"V1_QST.IAS10.000068","tested_point":"QST.IAS10.000068","difficulty":"EXPERT","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":210,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000004","section_id":"adjust-rule"},"references":["IAS 10 §3","IAS 10 §9"],"exercise":{"prompt":{"fr":"","en":"Before its 2025 accounts are authorised, Neurgouël discovers two facts: the physical count at 31 December was inflated by a depot manager, and goods were stolen on 20 January 2026. Which treatment applies?","es":""},"explanation":{"fr":"","en":"The discovery of fraud showing that the financial statements are incorrect is an adjusting event (IAS 10, para. 9); a theft after the reporting date indicates a condition that arose afterwards and is non-adjusting (IAS 10, para. 3).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Adjust inventory for the manipulated count; do not adjust for the January theft.","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"Adjust for neither fact and simply disclose them in the 2025 notes.","es":""},"correct":false,"feedback":{"fr":"","en":"The count fraud shows that the accounts are incorrect.","es":""}},{"id":"C","text":{"fr":"","en":"Adjust for the theft only, the manipulation being a matter for internal disciplinary proceedings.","es":""},"correct":false,"feedback":{"fr":"","en":"It is the other way round: the fraud is the adjusting event.","es":""}},{"id":"D","text":{"fr":"","en":"Adjust inventory for both facts, each discovered before the accounts are authorised.","es":""},"correct":false,"feedback":{"fr":"","en":"The theft indicates a condition that arose after the reporting date.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000070","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.NON_ADJUSTING_EVENTS"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000070","tested_point":"QST.IAS10.000070","difficulty":"BEGINNER","source":"V1","format":"TRUE_FALSE","estimated_time_s":40,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000005","section_id":"no-adjustment"},"references":["IAS 10 §10"],"exercise":{"prompt":{"fr":"","en":"An entity does not adjust the amounts recognised to reflect non-adjusting events after the reporting period.","es":""},"explanation":{"fr":"","en":"The entity does not adjust the amounts recognised to reflect non-adjusting events after the reporting period (IAS 10, para. 10).","es":""},"format":"TRUE_FALSE","answer":true},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000071","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.NON_ADJUSTING_EVENTS"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000071","tested_point":"QST.IAS10.000071","difficulty":"BEGINNER","source":"V1","format":"TRUE_FALSE","estimated_time_s":40,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000005","section_id":"no-adjustment"},"references":["IAS 10 §11"],"exercise":{"prompt":{"fr":"","en":"A fall in the fair value of investments between the reporting date and the authorisation date must be reflected in their carrying amount at the reporting date.","es":""},"explanation":{"fr":"","en":"Such a fall does not normally relate to the condition of the investments at the reporting date but reflects later circumstances; the amounts recognised are not adjusted (IAS 10, para. 11).","es":""},"format":"TRUE_FALSE","answer":false},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000072","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.NON_ADJUSTING_EVENTS"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000072","tested_point":"QST.IAS10.000072","difficulty":"INTERMEDIATE","source":"V1","format":"TRUE_FALSE","estimated_time_s":40,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000005","section_id":"no-adjustment"},"references":["IAS 10 §22"],"exercise":{"prompt":{"fr":"","en":"The destruction of a major plant by a fire after the reporting period is a non-adjusting event.","es":""},"explanation":{"fr":"","en":"The destruction of a major plant by a fire after the reporting period is one of the examples of non-adjusting events (IAS 10, para. 22).","es":""},"format":"TRUE_FALSE","answer":true},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000073","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.NON_ADJUSTING_EVENTS"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000073","tested_point":"QST.IAS10.000073","difficulty":"BEGINNER","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":30,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000005","section_id":"no-adjustment"},"references":["IAS 10 §3","IAS 10 §10"],"exercise":{"prompt":{"fr":"","en":"Between the reporting date and authorisation, which fact reveals a condition arising after the reporting date, without changing the amounts recognised?","es":""},"explanation":{"fr":"","en":"An event indicating a condition that arose after the reporting period is non-adjusting (IAS 10, para. 3) and the amounts recognised are not changed (IAS 10, para. 10).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The January settlement of a dispute arising from an accident during the year just ended.","es":""},"correct":false,"feedback":{"fr":"","en":"The dispute concerns an obligation existing at the reporting date.","es":""}},{"id":"B","text":{"fr":"","en":"The discovery in February of a fraud that inflated revenue for the year just ended.","es":""},"correct":false,"feedback":{"fr":"","en":"The fraud affects the accounts of the year just ended.","es":""}},{"id":"C","text":{"fr":"","en":"The January sale, below cost, of inventories already obsolete at 31 December.","es":""},"correct":false,"feedback":{"fr":"","en":"The sale gives evidence of value at the reporting date.","es":""}},{"id":"D","text":{"fr":"","en":"A flood damaging a warehouse in January.","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000074","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.NON_ADJUSTING_EVENTS"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000074","tested_point":"QST.IAS10.000074","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":60,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000005","section_id":"no-adjustment"},"references":["IAS 10 §11"],"exercise":{"prompt":{"fr":"","en":"Why is a fall in the fair value of investments after the reporting period normally not adjusted?","es":""},"explanation":{"fr":"","en":"A fall in the fair value of investments after the reporting period does not normally relate to their condition at the reporting date but reflects later circumstances (IAS 10, para. 11).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Because only increases in value are taken into account after the reporting date.","es":""},"correct":false,"feedback":{"fr":"","en":"Increases are not adjusted either.","es":""}},{"id":"B","text":{"fr":"","en":"Because the fall will be offset by a later rise, which the entity can reasonably expect.","es":""},"correct":false,"feedback":{"fr":"","en":"No future offset is assumed.","es":""}},{"id":"C","text":{"fr":"","en":"Because it reflects circumstances that arose after the reporting date.","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"Because investments are always measured at historical cost, whatever their category.","es":""},"correct":false,"feedback":{"fr":"","en":"The reason is not the measurement basis.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000075","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.NON_ADJUSTING_EVENTS"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000075","tested_point":"QST.IAS10.000075","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":90,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000005","section_id":"no-adjustment"},"references":["IAS 10 §11","IAS 10 §21"],"exercise":{"prompt":{"fr":"","en":"After a sharp post-period fall in its investments, Plundard wonders whether it should change the disclosures already prepared about those investments at the reporting date. What is the answer?","es":""},"explanation":{"fr":"","en":"The amounts recognised are not adjusted and the disclosures about the investments are not updated (IAS 10, para. 11); if the event is material, the entity discloses its nature and an estimate of its financial effect (IAS 10, para. 21).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Yes, but only the fair value note, the amounts in the statement of financial position being unchanged.","es":""},"correct":false,"feedback":{"fr":"","en":"The fair value note at the reporting date is not changed either.","es":""}},{"id":"B","text":{"fr":"","en":"No, those disclosures are not updated; separate disclosure of the event may be required if it is material.","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"Yes, all notes on investments must reflect values at the authorisation date.","es":""},"correct":false,"feedback":{"fr":"","en":"Disclosures about the condition at the reporting date are not updated.","es":""}},{"id":"D","text":{"fr":"","en":"No, and no disclosure of the fall is ever required, whatever its size.","es":""},"correct":false,"feedback":{"fr":"","en":"A material event requires disclosure.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000076","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.NON_ADJUSTING_EVENTS"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000076","tested_point":"QST.IAS10.000076","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":60,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000005","section_id":"no-adjustment"},"references":["IAS 10 §22"],"exercise":{"prompt":{"fr":"","en":"A new corporate income tax rate is enacted one month after the reporting date and significantly changes the entity's deferred taxes. How is it treated?","es":""},"explanation":{"fr":"","en":"Changes in tax rates or tax laws enacted or announced after the reporting period that have a significant effect on current and deferred tax assets and liabilities are among the non-adjusting events that would generally result in disclosure (IAS 10, para. 22).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"As a non-adjusting event, with disclosure if the effect is significant.","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"As an adjusting event, since the temporary differences already existed at the reporting date.","es":""},"correct":false,"feedback":{"fr":"","en":"The rate change is after the reporting date.","es":""}},{"id":"C","text":{"fr":"","en":"As a correction of an error of the year just ended, taken to opening equity.","es":""},"correct":false,"feedback":{"fr":"","en":"This is not an error.","es":""}},{"id":"D","text":{"fr":"","en":"It is ignored until it actually comes into force, with no disclosure in the notes.","es":""},"correct":false,"feedback":{"fr":"","en":"Disclosure may be required once enacted.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000077","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.NON_ADJUSTING_EVENTS"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000077","tested_point":"QST.IAS10.000077","difficulty":"INTERMEDIATE","source":"V1","format":"MULTIPLE_CHOICE","estimated_time_s":80,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000005","section_id":"no-adjustment"},"references":["IAS 10 §22"],"exercise":{"prompt":{"fr":"","en":"Which of these events after the reporting period does IAS 10 cite as non-adjusting and generally requiring disclosure?","es":""},"explanation":{"fr":"","en":"Examples of non-adjusting events include a major business combination, the announcement of a plan to discontinue an operation and major ordinary share transactions (IAS 10, para. 22).","es":""},"format":"MULTIPLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The settlement of a court case confirming an obligation existing at the reporting date.","es":""},"correct":false,"feedback":{"fr":"","en":"This is an adjusting event.","es":""}},{"id":"B","text":{"fr":"","en":"The announcement of a plan to discontinue an operation.","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"The bankruptcy of a customer confirming a receivable already impaired at the reporting date.","es":""},"correct":false,"feedback":{"fr":"","en":"This is an adjusting event.","es":""}},{"id":"D","text":{"fr":"","en":"Major ordinary share transactions.","es":""},"correct":true},{"id":"E","text":{"fr":"","en":"A major business combination after the reporting period.","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000078","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.NON_ADJUSTING_EVENTS"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000078","tested_point":"QST.IAS10.000078","difficulty":"ADVANCED","source":"V1","format":"MULTIPLE_CHOICE","estimated_time_s":110,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000005","section_id":"no-adjustment"},"references":["IAS 10 §3","IAS 10 §11"],"exercise":{"prompt":{"fr":"","en":"The value of an unlisted investment held by Plyrian falls in February. Which factors suggest that part of this fall reveals a condition that already existed at the reporting date?","es":""},"explanation":{"fr":"","en":"A fall in value after the reporting period normally reflects later circumstances (IAS 10, para. 11); but the portion that gives evidence of a condition existing at the reporting date is adjusting (IAS 10, para. 3).","es":""},"format":"MULTIPLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"A fraud at the investee, committed during the year and revealed in February.","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"A general stock market crash in February.","es":""},"correct":false,"feedback":{"fr":"","en":"The crash is after the reporting date.","es":""}},{"id":"C","text":{"fr":"","en":"An interest rate rise decided in February.","es":""},"correct":false,"feedback":{"fr":"","en":"The rate rise is after the reporting date.","es":""}},{"id":"D","text":{"fr":"","en":"Sector regulation adopted in February.","es":""},"correct":false,"feedback":{"fr":"","en":"The regulation is after the reporting date.","es":""}},{"id":"E","text":{"fr":"","en":"The investee's accounts show significant losses incurred before the reporting date.","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000079","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.NON_ADJUSTING_EVENTS"],"dimension":"CALCULATION","context":"V1_VG.IAS10.000006","tested_point":"VG.IAS10.000006","difficulty":"INTERMEDIATE","source":"V1","format":"NUMERICAL","estimated_time_s":180,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000005","section_id":"no-adjustment"},"references":["IAS 10 §11"],"exercise":{"prompt":{"fr":"","en":"Plerouël's listed investments are worth {fair_value_at_year_end} at 31 December and {fair_value_at_authorisation} at the authorisation date, after a general market fall in February. What amount should be recognised at the reporting date and what fall should be quantified for disclosure?","es":""},"explanation":{"fr":"","en":"The fall reflects later circumstances: the amounts are not adjusted (IAS 10, para. 11); amount at the reporting date: 480,000; fall: 480,000 − 396,000 = 84,000.","es":""},"common_error":{"fr":"","en":"Using the authorisation-date value in the statement of financial position.","es":""},"format":"CALCULATION","placeholders":[{"id":"fair_value_at_year_end","value":"480000","unit":"EUR"},{"id":"fair_value_at_authorisation","value":"396000","unit":"EUR"}],"data":[{"label":{"fr":"","en":"Fair value at 31 December","es":""},"value":"480000","unit":"EUR"},{"label":{"fr":"","en":"Fair value at the authorisation date","es":""},"value":"396000","unit":"EUR"}],"steps":[{"id":"AMOUNT_AT_YEAR_END","label":{"fr":"","en":"Amount recognised at the reporting date","es":""},"answer":480000,"tolerance":0,"unit":"EUR"},{"id":"POST_PERIOD_DECLINE","label":{"fr":"","en":"Fall after the reporting period","es":""},"answer":84000,"tolerance":0,"unit":"EUR"}],"formula":{"lines":[{"step":"POST_PERIOD_DECLINE","meaning":{"fr":"","en":"Fall after the reporting period","es":""},"expression":"a - b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Fair value at 31 December","es":""},"value":480000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Fair value at the authorisation date","es":""},"value":396000,"unit":"EUR"}],"result":84000,"unit":"EUR"}],"rationale":{"fr":"","en":"The fall reflects later circumstances: the amounts are not adjusted (IAS 10, para. 11)","es":""},"references":["REF.IAS10.11"]}},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000080","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.NON_ADJUSTING_EVENTS"],"dimension":"CALCULATION","context":"V1_VG.IAS10.000006","tested_point":"VG.IAS10.000006","difficulty":"INTERMEDIATE","source":"V1","format":"NUMERICAL","estimated_time_s":210,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000005","section_id":"no-adjustment"},"references":["IAS 10 §11"],"exercise":{"prompt":{"fr":"","en":"Plorys holds {shares_held} listed shares measured at fair value. The price is {price_at_year_end} at the reporting date and then {price_at_authorisation} when the accounts are authorised, following a profit warning issued by the issuer in January. Quantify the amount at the reporting date and the fall.","es":""},"explanation":{"fr":"","en":"The amounts recognised are not adjusted for a later fall in fair value (IAS 10, para. 11): 12,000 × 35 = 420,000; fall: 12,000 × (35 − 29) = 72,000.","es":""},"common_error":{"fr":"","en":"Measuring the shares at the authorisation-date price.","es":""},"format":"CALCULATION","placeholders":[{"id":"shares_held","value":"12000","unit":"UNITS"},{"id":"price_at_year_end","value":"35","unit":"EUR"},{"id":"price_at_authorisation","value":"29","unit":"EUR"}],"data":[{"label":{"fr":"","en":"Number of shares","es":""},"value":"12000","unit":"UNITS"},{"label":{"fr":"","en":"Price at the reporting date","es":""},"value":"35","unit":"EUR"},{"label":{"fr":"","en":"Price at the authorisation date","es":""},"value":"29","unit":"EUR"}],"steps":[{"id":"AMOUNT_AT_YEAR_END","label":{"fr":"","en":"Amount recognised at the reporting date","es":""},"answer":420000,"tolerance":0,"unit":"EUR"},{"id":"POST_PERIOD_DECLINE","label":{"fr":"","en":"Fall after the reporting period","es":""},"answer":72000,"tolerance":0,"unit":"EUR"}],"formula":{"lines":[{"step":"AMOUNT_AT_YEAR_END","meaning":{"fr":"","en":"Amount recognised at the reporting date","es":""},"expression":"a * b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Number of shares","es":""},"value":12000,"unit":"UNITS"},{"symbol":"b","meaning":{"fr":"","en":"Price at the reporting date","es":""},"value":35,"unit":"EUR"}],"result":420000,"unit":"EUR","rationale":{"fr":"","en":"The amounts recognised are not adjusted for a later fall in fair value (IAS 10, para. 11): 12,000 × 35 = 420,000","es":""}},{"step":"POST_PERIOD_DECLINE","meaning":{"fr":"","en":"Fall after the reporting period","es":""},"expression":"a * (b - c)","variables":[{"symbol":"a","meaning":{"fr":"","en":"Number of shares","es":""},"value":12000,"unit":"UNITS"},{"symbol":"b","meaning":{"fr":"","en":"Price at the reporting date","es":""},"value":35,"unit":"EUR"},{"symbol":"c","meaning":{"fr":"","en":"Price at the authorisation date","es":""},"value":29,"unit":"EUR"}],"result":72000,"unit":"EUR"}],"references":["REF.IAS10.11"]}},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000081","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.NON_ADJUSTING_EVENTS"],"dimension":"CALCULATION","context":"V1_QST.IAS10.000081","tested_point":"QST.IAS10.000081","difficulty":"ADVANCED","source":"V1","format":"NUMERICAL","estimated_time_s":210,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000005","section_id":"no-adjustment"},"references":["IAS 10 §10","IAS 10 §22"],"exercise":{"prompt":{"fr":"","en":"Plotard's main warehouse, with a carrying amount of {warehouse_carrying_amount} at 31 December, is destroyed by fire on 10 February. The insurer is expected to pay {expected_insurance} (case data). What amount should be kept at the reporting date and what net loss should be estimated for disclosure?","es":""},"explanation":{"fr":"","en":"The later fire is non-adjusting (IAS 10, paras. 10 and 22): amount at the reporting date 750,000; estimate of the financial effect to disclose from the case data: 750,000 − 520,000 = 230,000.","es":""},"common_error":{"fr":"","en":"Recognising the loss at 31 December.","es":""},"format":"CALCULATION","placeholders":[{"id":"warehouse_carrying_amount","value":"750000","unit":"EUR"},{"id":"expected_insurance","value":"520000","unit":"EUR"}],"data":[{"label":{"fr":"","en":"Carrying amount of the warehouse","es":""},"value":"750000","unit":"EUR"},{"label":{"fr":"","en":"Expected insurance proceeds","es":""},"value":"520000","unit":"EUR"}],"steps":[{"id":"AMOUNT_AT_YEAR_END","label":{"fr":"","en":"Amount kept at the reporting date","es":""},"answer":750000,"tolerance":0,"unit":"EUR"},{"id":"ESTIMATED_NET_LOSS","label":{"fr":"","en":"Estimated net loss","es":""},"answer":230000,"tolerance":0,"unit":"EUR"}],"formula":{"lines":[{"step":"ESTIMATED_NET_LOSS","meaning":{"fr":"","en":"Estimated net loss","es":""},"expression":"a - b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Carrying amount of the warehouse","es":""},"value":750000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Expected insurance proceeds","es":""},"value":520000,"unit":"EUR"}],"result":230000,"unit":"EUR"}],"rationale":{"fr":"","en":"The later fire is non-adjusting (IAS 10, paras. 10 and 22): amount at the reporting date 750,000","es":""},"references":["REF.IAS10.10","REF.IAS10.22"]}},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000082","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.NON_ADJUSTING_EVENTS"],"dimension":"CALCULATION","context":"V1_QST.IAS10.000082","tested_point":"QST.IAS10.000082","difficulty":"ADVANCED","source":"V1","format":"NUMERICAL","estimated_time_s":210,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000005","section_id":"no-adjustment"},"references":["IAS 10 §22","IAS 10 §10"],"exercise":{"prompt":{"fr":"","en":"At 31 December, Pléscian's copper inventory is carried at {inventory_at_year_end}, its net realisable value then being higher. In January, an abnormally large price change brings its value down to {value_after_price_fall}. What amount should be kept at the reporting date and what effect should be quantified for disclosure?","es":""},"explanation":{"fr":"","en":"An abnormally large change in asset prices after the reporting period is a non-adjusting event (IAS 10, para. 22); the amounts are not changed (IAS 10, para. 10): 300,000; effect: 300,000 − 255,000 = 45,000.","es":""},"common_error":{"fr":"","en":"Writing down inventory at 31 December for the January fall.","es":""},"format":"CALCULATION","placeholders":[{"id":"inventory_at_year_end","value":"300000","unit":"EUR"},{"id":"value_after_price_fall","value":"255000","unit":"EUR"}],"data":[{"label":{"fr":"","en":"Inventory recognised at 31 December","es":""},"value":"300000","unit":"EUR"},{"label":{"fr":"","en":"Value after the price fall","es":""},"value":"255000","unit":"EUR"}],"steps":[{"id":"AMOUNT_AT_YEAR_END","label":{"fr":"","en":"Amount kept at the reporting date","es":""},"answer":300000,"tolerance":0,"unit":"EUR"},{"id":"EFFECT_TO_DISCLOSE","label":{"fr":"","en":"Effect to disclose","es":""},"answer":45000,"tolerance":0,"unit":"EUR"}],"formula":{"lines":[{"step":"EFFECT_TO_DISCLOSE","meaning":{"fr":"","en":"Effect to disclose","es":""},"expression":"a - b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Inventory recognised at 31 December","es":""},"value":300000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Value after the price fall","es":""},"value":255000,"unit":"EUR"}],"result":45000,"unit":"EUR"}],"references":["REF.IAS10.22","REF.IAS10.10"]}},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000083","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.NON_ADJUSTING_EVENTS"],"dimension":"ANALYSIS","context":"V1_QST.IAS10.000083","tested_point":"QST.IAS10.000083","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":120,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000005","section_id":"no-adjustment"},"references":["IAS 10 §11"],"exercise":{"prompt":{"fr":"","en":"Quaimys reduces its listed investments at 31 December to their value at the authorisation date, after a market fall in February. What is the error?","es":""},"explanation":{"fr":"","en":"A fall in the fair value of investments after the reporting period normally reflects later circumstances: the amounts recognised are not adjusted (IAS 10, para. 11).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Not also restating the prior-year comparatives with February values.","es":""},"correct":false,"feedback":{"fr":"","en":"No restatement is at issue.","es":""}},{"id":"B","text":{"fr":"","en":"Not taking the fall to equity rather than profit.","es":""},"correct":false,"feedback":{"fr":"","en":"The fall is not adjusted at all.","es":""}},{"id":"C","text":{"fr":"","en":"Not waiting until the end of the following year to recognise the fall.","es":""},"correct":false,"feedback":{"fr":"","en":"The issue is not when to recognise it next year.","es":""}},{"id":"D","text":{"fr":"","en":"Adjusting for a fall that reflects circumstances after the reporting date.","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000084","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.NON_ADJUSTING_EVENTS"],"dimension":"ANALYSIS","context":"V1_QST.IAS10.000084","tested_point":"QST.IAS10.000084","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":120,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000005","section_id":"no-adjustment"},"references":["IAS 10 §10","IAS 10 §22"],"exercise":{"prompt":{"fr":"","en":"A flood in January destroys a plant of Queutane, intact at 31 December. The accountant recognises an impairment loss in the accounts for the year ended 31 December. What is the error?","es":""},"explanation":{"fr":"","en":"Non-adjusting events do not change the amounts recognised (IAS 10, para. 10); the destruction of a plant after the reporting period is an example (IAS 10, para. 22).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The destruction is a non-adjusting event: no loss at the reporting date.","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"There is no error, any loss known before authorisation having to be recognised.","es":""},"correct":false,"feedback":{"fr":"","en":"When it became known does not make it adjusting.","es":""}},{"id":"C","text":{"fr":"","en":"The loss should have been limited to the insurance excess borne by the entity.","es":""},"correct":false,"feedback":{"fr":"","en":"The amount is not the issue: no loss is due.","es":""}},{"id":"D","text":{"fr":"","en":"The loss should have been taken directly to equity at 31 December.","es":""},"correct":false,"feedback":{"fr":"","en":"No loss is recognised at the reporting date.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000085","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.NON_ADJUSTING_EVENTS"],"dimension":"ANALYSIS","context":"V1_QST.IAS10.000085","tested_point":"QST.IAS10.000085","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":150,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000005","section_id":"no-adjustment"},"references":["IAS 10 §3","IAS 10 §11"],"exercise":{"prompt":{"fr":"","en":"Quolvenne treats as entirely post-period the fall in value, in February, of an unlisted investment, although the investee's audit reveals losses already incurred before the reporting date. What is the error?","es":""},"explanation":{"fr":"","en":"A later fall normally reflects later circumstances (IAS 10, para. 11), but the portion that gives evidence of a condition existing at the reporting date is adjusting (IAS 10, para. 3).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Not adjusting for the whole fall, including the portion due to February events.","es":""},"correct":false,"feedback":{"fr":"","en":"The February portion is not adjusted.","es":""}},{"id":"B","text":{"fr":"","en":"Consulting the investee's audit.","es":""},"correct":false,"feedback":{"fr":"","en":"Consulting this information is relevant.","es":""}},{"id":"C","text":{"fr":"","en":"Not deferring the analysis to the following year.","es":""},"correct":false,"feedback":{"fr":"","en":"The analysis is done before authorisation.","es":""}},{"id":"D","text":{"fr":"","en":"Failing to separate the portion of the fall that reveals a condition existing at the reporting date.","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000086","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.NON_ADJUSTING_EVENTS"],"dimension":"APPLICATION","context":"V1_QST.IAS10.000086","tested_point":"QST.IAS10.000086","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":150,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000005","section_id":"no-adjustment"},"references":["IAS 10 §10","IAS 10 §22"],"exercise":{"prompt":{"fr":"","en":"Three weeks after the reporting date, Quuscia signs the acquisition of a competitor that will double its size. How is it treated in the accounts for the year just ended?","es":""},"explanation":{"fr":"","en":"A major business combination after the reporting period is non-adjusting (IAS 10, para. 10) and is among the events that generally require disclosure (IAS 10, para. 22).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Recognise the acquisition at 31 December, since negotiations had started before the reporting date.","es":""},"correct":false,"feedback":{"fr":"","en":"The acquisition is completed after the reporting date.","es":""}},{"id":"B","text":{"fr":"","en":"Ignore the transaction, which concerns only the following year.","es":""},"correct":false,"feedback":{"fr":"","en":"Disclosure is generally required.","es":""}},{"id":"C","text":{"fr":"","en":"No adjustment; disclosure of the transaction is generally required.","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"Recognise a provision for the expected acquisition costs.","es":""},"correct":false,"feedback":{"fr":"","en":"No obligation existed at the reporting date.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000087","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.NON_ADJUSTING_EVENTS"],"dimension":"APPLICATION","context":"V1_QST.IAS10.000087","tested_point":"QST.IAS10.000087","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":180,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000005","section_id":"no-adjustment"},"references":["IAS 10 §22"],"exercise":{"prompt":{"fr":"","en":"In February, the State expropriates a major plot of land of Quusian for an infrastructure project decided in January. The land was being used normally at the reporting date. How should the treatment be justified?","es":""},"explanation":{"fr":"","en":"The expropriation of major assets after the reporting period is among the non-adjusting events that generally require disclosure (IAS 10, para. 22).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The expropriation should be ignored until the compensation has been set by the court.","es":""},"correct":false,"feedback":{"fr":"","en":"Disclosure is generally required.","es":""}},{"id":"B","text":{"fr":"","en":"The expropriation indicates a condition that arose after the reporting date: no adjustment, disclosure in general.","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"The expropriation compensation should be recognised as accrued income at 31 December.","es":""},"correct":false,"feedback":{"fr":"","en":"No right existed at the reporting date.","es":""}},{"id":"D","text":{"fr":"","en":"The expropriation concerns an asset existing at the reporting date: it must be derecognised at 31 December.","es":""},"correct":false,"feedback":{"fr":"","en":"The existence of the asset does not make the expropriation adjusting.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000088","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.NON_ADJUSTING_EVENTS"],"dimension":"APPLICATION","context":"V1_QST.IAS10.000088","tested_point":"QST.IAS10.000088","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":180,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000005","section_id":"no-adjustment"},"references":["IAS 10 §22"],"exercise":{"prompt":{"fr":"","en":"Quymade's deferred taxes at 31 December are measured at the rate in force at that date. In February, a law significantly raising that rate is enacted. The finance director wants to remeasure the reporting-date deferred taxes. What is the answer?","es":""},"explanation":{"fr":"","en":"Changes in tax rates enacted or announced after the reporting period that have a significant effect on current and deferred tax assets and liabilities are non-adjusting and generally require disclosure (IAS 10, para. 22).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The change enacted after the reporting date is not adjusted; its significant effect requires disclosure.","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"They must be remeasured, since the temporary differences existed at the reporting date.","es":""},"correct":false,"feedback":{"fr":"","en":"The rate is enacted after the reporting date.","es":""}},{"id":"C","text":{"fr":"","en":"Only deferred tax liabilities should be remeasured, as a precaution.","es":""},"correct":false,"feedback":{"fr":"","en":"No partial adjustment is provided for.","es":""}},{"id":"D","text":{"fr":"","en":"One must wait for the implementing decrees before deciding on disclosure.","es":""},"correct":false,"feedback":{"fr":"","en":"Enactment is enough to trigger the disclosure analysis.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000089","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.NON_ADJUSTING_EVENTS"],"dimension":"APPLICATION","context":"V1_QST.IAS10.000089","tested_point":"QST.IAS10.000089","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":180,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000005","section_id":"no-adjustment"},"references":["IAS 10 §10","IAS 10 §22"],"exercise":{"prompt":{"fr":"","en":"Quyrard's board approves a major restructuring in January, announced to staff in February. No decision or announcement existed at 31 December. The controller proposes a provision at the reporting date 'because the difficulties date from the year'. What should be concluded?","es":""},"explanation":{"fr":"","en":"The announcement or commencement of a major restructuring after the reporting period is a non-adjusting event (IAS 10, para. 22): the amounts are not adjusted (IAS 10, para. 10).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"No disclosure is required, as the restructuring has not yet started.","es":""},"correct":false,"feedback":{"fr":"","en":"The announcement is enough to require disclosure.","es":""}},{"id":"B","text":{"fr":"","en":"A provision is due, the economic difficulties predating the reporting date.","es":""},"correct":false,"feedback":{"fr":"","en":"The difficulties alone do not create the condition concerned.","es":""}},{"id":"C","text":{"fr":"","en":"No provision at the reporting date; the restructuring announced afterwards requires disclosure.","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"A provision is due for half the costs, the decision having been taken before authorisation.","es":""},"correct":false,"feedback":{"fr":"","en":"No partial adjustment is provided for.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000092","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.DIVIDENDS"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000092","tested_point":"QST.IAS10.000092","difficulty":"BEGINNER","source":"V1","format":"TRUE_FALSE","estimated_time_s":40,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000006","section_id":"no-liability"},"references":["IAS 10 §12"],"exercise":{"prompt":{"fr":"","en":"Dividends declared to shareholders after the reporting period are recognised as a liability at the end of the reporting period.","es":""},"explanation":{"fr":"","en":"Dividends declared to holders of equity instruments after the reporting period are not recognised as a liability at the end of that period (IAS 10, para. 12).","es":""},"format":"TRUE_FALSE","answer":false},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000093","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.DIVIDENDS"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000093","tested_point":"QST.IAS10.000093","difficulty":"BEGINNER","source":"V1","format":"TRUE_FALSE","estimated_time_s":40,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000006","section_id":"no-liability"},"references":["IAS 10 §13"],"exercise":{"prompt":{"fr":"","en":"Dividends declared after the reporting period but before the financial statements are authorised for issue are disclosed in the notes.","es":""},"explanation":{"fr":"","en":"These dividends are not recognised as a liability at the reporting date but are disclosed in the notes in accordance with IAS 1 (IAS 10, para. 13). Wording before IFRS 18.","es":""},"format":"TRUE_FALSE","answer":true},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000094","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.DIVIDENDS"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000094","tested_point":"QST.IAS10.000094","difficulty":"BEGINNER","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":60,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000006","section_id":"no-liability"},"references":["IAS 10 §13"],"exercise":{"prompt":{"fr":"","en":"Why is a dividend declared after the reporting period not a liability at the reporting date?","es":""},"explanation":{"fr":"","en":"Dividends declared after the reporting period are not recognised as a liability at the reporting date, because no obligation exists at that time (IAS 10, para. 13, wording before IFRS 18).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Because its amount remains uncertain until it is actually paid to shareholders.","es":""},"correct":false,"feedback":{"fr":"","en":"The amount is set by the declaration.","es":""}},{"id":"B","text":{"fr":"","en":"Because no obligation existed at that date.","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"Because the dividend will be paid during the following year, whatever the date of its declaration.","es":""},"correct":false,"feedback":{"fr":"","en":"The payment date is not the criterion.","es":""}},{"id":"D","text":{"fr":"","en":"Because dividends are always presented in equity, even after they are declared.","es":""},"correct":false,"feedback":{"fr":"","en":"Once declared, a dividend may be a liability.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000095","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.DIVIDENDS"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000095","tested_point":"QST.IAS10.000095","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":60,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000006","section_id":"no-liability"},"references":["IAS 10 §12","IAS 10 §13"],"exercise":{"prompt":{"fr":"","en":"Ratard's board declares in February a dividend for the year ended 31 December; the accounts are authorised in March. How does this dividend appear in the accounts for the year just ended?","es":""},"explanation":{"fr":"","en":"The dividend is not a liability at the reporting date (IAS 10, para. 12); it is disclosed in the notes in accordance with IAS 1 (IAS 10, para. 13). Wording before IFRS 18.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"It does not appear, since it will be recognised in the following year.","es":""},"correct":false,"feedback":{"fr":"","en":"Disclosure in the notes is required.","es":""}},{"id":"B","text":{"fr":"","en":"As a reduction of retained earnings at 31 December, with a liability at the same date.","es":""},"correct":false,"feedback":{"fr":"","en":"No entry is made at the reporting date.","es":""}},{"id":"C","text":{"fr":"","en":"In current liabilities at 31 December, for the amount declared in February.","es":""},"correct":false,"feedback":{"fr":"","en":"No liability exists at the reporting date.","es":""}},{"id":"D","text":{"fr":"","en":"In the notes only.","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000096","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.DIVIDENDS"],"dimension":"CALCULATION","context":"V1_VG.IAS10.000007","tested_point":"VG.IAS10.000007","difficulty":"INTERMEDIATE","source":"V1","format":"NUMERICAL","estimated_time_s":180,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000006","section_id":"no-liability"},"references":["IAS 10 §12","IAS 10 §13"],"exercise":{"prompt":{"fr":"","en":"Sastard, whose share capital comprises {shares} shares, has a 31 December year-end. On 20 February, before the accounts are authorised, its board declares a dividend of {dividend_per_share} per share. What liability should be recognised at 31 December and what amount disclosed in the notes?","es":""},"explanation":{"fr":"","en":"No liability at the reporting date (IAS 10, para. 12); disclosure in the notes (IAS 10, para. 13): 450,000 × 3 = 1,350,000. Wording before IFRS 18.","es":""},"common_error":{"fr":"","en":"Recognising the dividend in liabilities at 31 December.","es":""},"format":"CALCULATION","placeholders":[{"id":"shares","value":"450000","unit":"UNITS"},{"id":"dividend_per_share","value":"3","unit":"EUR"}],"data":[{"label":{"fr":"","en":"Number of shares","es":""},"value":"450000","unit":"UNITS"},{"label":{"fr":"","en":"Dividend per share","es":""},"value":"3","unit":"EUR"}],"steps":[{"id":"LIABILITY_AT_YEAR_END","label":{"fr":"","en":"Dividend liability at 31 December","es":""},"answer":0,"tolerance":0,"unit":"EUR"},{"id":"AMOUNT_DISCLOSED","label":{"fr":"","en":"Amount to disclose in the notes","es":""},"answer":1350000,"tolerance":0,"unit":"EUR"}],"formula":{"lines":[{"step":"AMOUNT_DISCLOSED","meaning":{"fr":"","en":"Amount to disclose in the notes","es":""},"expression":"a * b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Number of shares","es":""},"value":450000,"unit":"UNITS"},{"symbol":"b","meaning":{"fr":"","en":"Dividend per share","es":""},"value":3,"unit":"EUR"}],"result":1350000,"unit":"EUR"}],"references":["REF.IAS10.12","REF.IAS10.13"]}},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000097","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.DIVIDENDS"],"dimension":"CALCULATION","context":"V1_VG.IAS10.000007","tested_point":"VG.IAS10.000007","difficulty":"INTERMEDIATE","source":"V1","format":"NUMERICAL","estimated_time_s":180,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000006","section_id":"no-liability"},"references":["IAS 10 §12","IAS 10 §13"],"exercise":{"prompt":{"fr":"","en":"A dividend of {dividend_per_share} per share is declared on 5 March on the {shares} shares of Seundix, whose accounts for the year ended 31 December are authorised on 25 March. Determine the dividend liability at the reporting date and the amount to disclose in the notes.","es":""},"explanation":{"fr":"","en":"No liability at the reporting date (IAS 10, para. 12); disclosure in the notes (IAS 10, para. 13): 780,000 × 4 = 3,120,000. Wording before IFRS 18.","es":""},"common_error":{"fr":"","en":"Recognising the dividend in liabilities at 31 December.","es":""},"format":"CALCULATION","placeholders":[{"id":"shares","value":"780000","unit":"UNITS"},{"id":"dividend_per_share","value":"4","unit":"EUR"}],"data":[{"label":{"fr":"","en":"Number of shares","es":""},"value":"780000","unit":"UNITS"},{"label":{"fr":"","en":"Dividend per share","es":""},"value":"4","unit":"EUR"}],"steps":[{"id":"LIABILITY_AT_YEAR_END","label":{"fr":"","en":"Dividend liability at 31 December","es":""},"answer":0,"tolerance":0,"unit":"EUR"},{"id":"AMOUNT_DISCLOSED","label":{"fr":"","en":"Amount to disclose in the notes","es":""},"answer":3120000,"tolerance":0,"unit":"EUR"}],"formula":{"lines":[{"step":"AMOUNT_DISCLOSED","meaning":{"fr":"","en":"Amount to disclose in the notes","es":""},"expression":"a * b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Number of shares","es":""},"value":780000,"unit":"UNITS"},{"symbol":"b","meaning":{"fr":"","en":"Dividend per share","es":""},"value":4,"unit":"EUR"}],"result":3120000,"unit":"EUR"}],"references":["REF.IAS10.12","REF.IAS10.13"]}},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000098","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.DIVIDENDS"],"dimension":"CALCULATION","context":"V1_QST.IAS10.000098","tested_point":"QST.IAS10.000098","difficulty":"INTERMEDIATE","source":"V1","format":"NUMERICAL","estimated_time_s":210,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000006","section_id":"no-liability"},"references":["IAS 10 §12"],"exercise":{"prompt":{"fr":"","en":"Staimenne's draft statement of financial position at 31 December shows current liabilities of {recorded_current_liabilities}, including a dividend of {dividend_declared_after} declared on the following 12 February. What amount of current liabilities should be presented at the reporting date?","es":""},"explanation":{"fr":"","en":"A dividend declared after the reporting period is not a liability at the reporting date (IAS 10, para. 12): 5,400,000 − 900,000 = 4,500,000.","es":""},"common_error":{"fr":"","en":"Keeping the dividend in liabilities.","es":""},"format":"CALCULATION","placeholders":[{"id":"recorded_current_liabilities","value":"5400000","unit":"EUR"},{"id":"dividend_declared_after","value":"900000","unit":"EUR"}],"data":[{"label":{"fr":"","en":"Current liabilities in the draft","es":""},"value":"5400000","unit":"EUR"},{"label":{"fr":"","en":"Dividend declared after the reporting period","es":""},"value":"900000","unit":"EUR"}],"steps":[{"id":"CORRECTED_CURRENT_LIABILITIES","label":{"fr":"","en":"Current liabilities to present","es":""},"answer":4500000,"tolerance":0,"unit":"EUR"}],"formula":{"lines":[{"step":"CORRECTED_CURRENT_LIABILITIES","meaning":{"fr":"","en":"Current liabilities to present","es":""},"expression":"a - b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Current liabilities in the draft","es":""},"value":5400000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Dividend declared after the reporting period","es":""},"value":900000,"unit":"EUR"}],"result":4500000,"unit":"EUR","rationale":{"fr":"","en":"A dividend declared after the reporting period is not a liability at the reporting date (IAS 10, para. 12): 5,400,000 − 900,000 = 4,500,000.","es":""}}],"references":["REF.IAS10.12"]}},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000099","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.DIVIDENDS"],"dimension":"ANALYSIS","context":"V1_QST.IAS10.000099","tested_point":"QST.IAS10.000099","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":120,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000006","section_id":"no-liability"},"references":["IAS 10 §12"],"exercise":{"prompt":{"fr":"","en":"Styrnot records 'Retained earnings / Dividends payable' at 31 December for a dividend its board declared on the following 18 February. What is the error?","es":""},"explanation":{"fr":"","en":"Dividends declared after the reporting period are not recognised as a liability at the end of that period (IAS 10, para. 12).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Debiting retained earnings instead of a finance cost.","es":""},"correct":false,"feedback":{"fr":"","en":"The issue is the date, not the account debited.","es":""}},{"id":"B","text":{"fr":"","en":"Recording the dividend at its gross amount instead of net of withholding.","es":""},"correct":false,"feedback":{"fr":"","en":"The amount is not the issue.","es":""}},{"id":"C","text":{"fr":"","en":"Recognising a liability at the reporting date for a dividend declared afterwards.","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"Not also recognising the related distribution tax at 31 December.","es":""},"correct":false,"feedback":{"fr":"","en":"No entry is due at the reporting date.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000100","standard_id":"IAS10","concept_ids":["IAS10.RECOGNITION.DIVIDENDS"],"dimension":"ANALYSIS","context":"V1_QST.IAS10.000100","tested_point":"QST.IAS10.000100","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":120,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000006","section_id":"no-liability"},"references":["IAS 10 §13"],"exercise":{"prompt":{"fr":"","en":"Syrgia, which declared a significant dividend on 3 March, before its accounts were authorised on 24 March, does not recognise it as a liability and says nothing about it in its notes. What is the error?","es":""},"explanation":{"fr":"","en":"Dividends declared after the reporting period and before authorisation are not a liability but are disclosed in the notes in accordance with IAS 1 (IAS 10, para. 13). Wording before IFRS 18.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The absence of disclosure in the notes of the declared dividend.","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"There is no error, since the dividend will be recognised in the following year.","es":""},"correct":false,"feedback":{"fr":"","en":"Disclosure in the notes is still required.","es":""}},{"id":"C","text":{"fr":"","en":"The absence of a dividend liability at 31 December, for the amount declared in March.","es":""},"correct":false,"feedback":{"fr":"","en":"Not recognising a liability is correct.","es":""}},{"id":"D","text":{"fr":"","en":"The absence of the dividend in profit for the year just ended.","es":""},"correct":false,"feedback":{"fr":"","en":"A dividend does not go through profit.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000103","standard_id":"IAS10","concept_ids":["IAS10.GOING_CONCERN.ASSESSMENT"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000103","tested_point":"QST.IAS10.000103","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":60,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000007","section_id":"liquidation-decision"},"references":["IAS 10 §14"],"exercise":{"prompt":{"fr":"","en":"In which case must an entity not prepare its financial statements on a going concern basis under IAS 10?","es":""},"explanation":{"fr":"","en":"The entity does not prepare its financial statements on a going concern basis if management determines after the reporting period that it intends to liquidate the entity or to cease trading, or has no realistic alternative but to do so (IAS 10, para. 14).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"If a major shareholder sells its stake after the reporting period to a new investor.","es":""},"correct":false,"feedback":{"fr":"","en":"A change of shareholder is not covered.","es":""}},{"id":"B","text":{"fr":"","en":"If the entity suspends dividend payments for the following year.","es":""},"correct":false,"feedback":{"fr":"","en":"Suspending dividends is not covered.","es":""}},{"id":"C","text":{"fr":"","en":"If the entity made a loss in the year just ended, even when it has sufficient cash.","es":""},"correct":false,"feedback":{"fr":"","en":"A loss is not enough.","es":""}},{"id":"D","text":{"fr":"","en":"If, after the reporting period, management decides to liquidate the entity or has no realistic alternative.","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000104","standard_id":"IAS10","concept_ids":["IAS10.GOING_CONCERN.ASSESSMENT"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000104","tested_point":"QST.IAS10.000104","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":60,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000007","section_id":"liquidation-decision"},"references":["IAS 10 §15"],"exercise":{"prompt":{"fr":"","en":"An entity's results and financial position deteriorate sharply after the reporting period. What must it do?","es":""},"explanation":{"fr":"","en":"A deterioration in operating results and financial position after the reporting period may indicate a need to consider whether the going concern assumption is still appropriate (IAS 10, para. 15).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Automatically adjust all its assets to liquidation value at 31 December.","es":""},"correct":false,"feedback":{"fr":"","en":"No automatic adjustment is provided for.","es":""}},{"id":"B","text":{"fr":"","en":"Reconsider whether the going concern assumption is still appropriate.","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"Ignore this deterioration, which belongs exclusively to the following year's accounts.","es":""},"correct":false,"feedback":{"fr":"","en":"It must be taken into account in assessing going concern.","es":""}},{"id":"D","text":{"fr":"","en":"Postpone authorisation of the accounts until the situation recovers.","es":""},"correct":false,"feedback":{"fr":"","en":"The standard does not require such a postponement.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000105","standard_id":"IAS10","concept_ids":["IAS10.GOING_CONCERN.ASSESSMENT"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000105","tested_point":"QST.IAS10.000105","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":90,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000007","section_id":"liquidation-decision"},"references":["IAS 10 §15"],"exercise":{"prompt":{"fr":"","en":"If the going concern assumption is no longer appropriate after the reporting period, what is the effect on the financial statements?","es":""},"explanation":{"fr":"","en":"If the going concern assumption is no longer appropriate, the effect is so pervasive that it results in a fundamental change in the basis of accounting rather than an adjustment of amounts within the original basis (IAS 10, para. 15).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"A disclosure in the notes, with no effect on the basis of preparation of the accounts.","es":""},"correct":false,"feedback":{"fr":"","en":"The basis of preparation itself changes.","es":""}},{"id":"B","text":{"fr":"","en":"A restatement of the prior-year comparatives.","es":""},"correct":false,"feedback":{"fr":"","en":"This is not a restatement of comparatives.","es":""}},{"id":"C","text":{"fr":"","en":"A fundamental change in the basis of accounting.","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"A simple adjustment of some amounts recognised under the original basis, case by case.","es":""},"correct":false,"feedback":{"fr":"","en":"The standard rules out an adjustment within the original basis.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000106","standard_id":"IAS10","concept_ids":["IAS10.GOING_CONCERN.ASSESSMENT"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000106","tested_point":"QST.IAS10.000106","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":60,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000007","section_id":"liquidation-decision"},"references":["IAS 10 §16"],"exercise":{"prompt":{"fr":"","en":"Which standard, according to IAS 10, specifies the disclosures about material uncertainties related to going concern?","es":""},"explanation":{"fr":"","en":"IAS 1 specifies the disclosures required when the financial statements are not prepared on a going concern basis or when there are material uncertainties; the events giving rise to them may arise after the reporting period (IAS 10, para. 16). Wording before IFRS 18.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"IAS 1, as the events giving rise to these disclosures may arise after the reporting period.","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"IAS 8, as changes in accounting estimates.","es":""},"correct":false,"feedback":{"fr":"","en":"IAS 8 is not the standard referred to.","es":""}},{"id":"C","text":{"fr":"","en":"None: these disclosures belong to the auditor's report.","es":""},"correct":false,"feedback":{"fr":"","en":"These disclosures are in the financial statements.","es":""}},{"id":"D","text":{"fr":"","en":"IAS 10 itself, in a detailed list specific to events after the reporting period.","es":""},"correct":false,"feedback":{"fr":"","en":"IAS 10 refers to another standard for these disclosures.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000107","standard_id":"IAS10","concept_ids":["IAS10.GOING_CONCERN.ASSESSMENT"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000107","tested_point":"QST.IAS10.000107","difficulty":"INTERMEDIATE","source":"V1","format":"MULTIPLE_CHOICE","estimated_time_s":80,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000007","section_id":"liquidation-decision"},"references":["IAS 10 §14"],"exercise":{"prompt":{"fr":"","en":"Which of these situations, arising after the reporting period, prevent the accounts from being prepared on a going concern basis?","es":""},"explanation":{"fr":"","en":"The entity does not prepare its accounts on a going concern basis if management determines after the reporting period that it intends to liquidate or cease trading, or has no realistic alternative (IAS 10, para. 14).","es":""},"format":"MULTIPLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The absence of any realistic alternative to ceasing trading.","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"A one-off quarterly loss after the reporting period.","es":""},"correct":false,"feedback":{"fr":"","en":"A one-off loss is not enough.","es":""}},{"id":"C","text":{"fr":"","en":"The disposal of a non-strategic subsidiary.","es":""},"correct":false,"feedback":{"fr":"","en":"This disposal is not covered.","es":""}},{"id":"D","text":{"fr":"","en":"Suspension of the dividend for the following year.","es":""},"correct":false,"feedback":{"fr":"","en":"This is not a situation covered.","es":""}},{"id":"E","text":{"fr":"","en":"Management's decision to liquidate the entity.","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000108","standard_id":"IAS10","concept_ids":["IAS10.GOING_CONCERN.ASSESSMENT"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000108","tested_point":"QST.IAS10.000108","difficulty":"ADVANCED","source":"V1","format":"MULTIPLE_CHOICE","estimated_time_s":110,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000007","section_id":"liquidation-decision"},"references":["IAS 10 §14","IAS 10 §15"],"exercise":{"prompt":{"fr":"","en":"Which statements about going concern and events after the reporting period are correct?","es":""},"explanation":{"fr":"","en":"A decision to liquidate or the absence of an alternative after the reporting period rules out the going concern basis (IAS 10, para. 14); a later deterioration may lead to it being reconsidered and, if it is no longer appropriate, the basis of accounting changes fundamentally (IAS 10, para. 15).","es":""},"format":"MULTIPLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"It is enough to adjust the most affected assets while keeping the going concern basis.","es":""},"correct":false,"feedback":{"fr":"","en":"The standard rules out an adjustment within the original basis.","es":""}},{"id":"B","text":{"fr":"","en":"A later deterioration may lead to the assumption being reconsidered.","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"If the assumption is no longer appropriate, the basis of accounting changes fundamentally.","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"A decision to cease trading taken after the reporting period may rule out the going concern basis for the accounts just closed.","es":""},"correct":true},{"id":"E","text":{"fr":"","en":"The going concern assumption is assessed only at the reporting date.","es":""},"correct":false,"feedback":{"fr":"","en":"Events after the reporting period are taken into account.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000109","standard_id":"IAS10","concept_ids":["IAS10.GOING_CONCERN.ASSESSMENT"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000109","tested_point":"QST.IAS10.000109","difficulty":"ADVANCED","source":"V1","format":"MULTIPLE_CHOICE","estimated_time_s":110,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000007","section_id":"liquidation-decision"},"references":["IAS 10 §16"],"exercise":{"prompt":{"fr":"","en":"Under IAS 10's reference to IAS 1 (wording before IFRS 18), in which situations are going concern disclosures required?","es":""},"explanation":{"fr":"","en":"IAS 1 specifies the disclosures required when the financial statements are not prepared on a going concern basis or when management is aware of material uncertainties; the events giving rise to them may arise after the reporting period (IAS 10, para. 16). Wording before IFRS 18.","es":""},"format":"MULTIPLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"When management is aware of material uncertainties about going concern, including ones arising after the reporting period.","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"Only when the auditor issues a qualified opinion.","es":""},"correct":false,"feedback":{"fr":"","en":"The auditor's opinion is not the criterion.","es":""}},{"id":"C","text":{"fr":"","en":"Only for listed entities.","es":""},"correct":false,"feedback":{"fr":"","en":"The reference is not limited to listed entities.","es":""}},{"id":"D","text":{"fr":"","en":"When the financial statements are not prepared on a going concern basis.","es":""},"correct":true},{"id":"E","text":{"fr":"","en":"Whenever profit for the year is lower than the previous year's.","es":""},"correct":false,"feedback":{"fr":"","en":"A fall in profit does not by itself trigger these disclosures.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000110","standard_id":"IAS10","concept_ids":["IAS10.GOING_CONCERN.ASSESSMENT"],"dimension":"ANALYSIS","context":"V1_QST.IAS10.000110","tested_point":"QST.IAS10.000110","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":150,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000007","section_id":"liquidation-decision"},"references":["IAS 10 §15"],"exercise":{"prompt":{"fr":"","en":"In February, Vaitorn's shareholders decide to liquidate it. For the accounts at 31 December, the accountant keeps the going concern basis and merely writes down some inventories. What is the error?","es":""},"explanation":{"fr":"","en":"A decision to liquidate after the reporting period rules out the going concern basis (IAS 10, para. 14) and requires a fundamental change in the basis of accounting rather than an adjustment of amounts within the original basis (IAS 10, para. 15).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Writing down inventories instead of non-current assets.","es":""},"correct":false,"feedback":{"fr":"","en":"The choice of assets is not the problem.","es":""}},{"id":"B","text":{"fr":"","en":"Keeping the going concern basis and adjusting a few amounts, when a fundamental change of basis is required.","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"There is no error: the decision comes after the reporting date and does not concern these accounts.","es":""},"correct":false,"feedback":{"fr":"","en":"A later decision to liquidate affects these accounts.","es":""}},{"id":"D","text":{"fr":"","en":"Not deferring the liquidation decision to the following year.","es":""},"correct":false,"feedback":{"fr":"","en":"The decision governs the accounts just closed.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000111","standard_id":"IAS10","concept_ids":["IAS10.GOING_CONCERN.ASSESSMENT"],"dimension":"ANALYSIS","context":"V1_QST.IAS10.000111","tested_point":"QST.IAS10.000111","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":120,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000007","section_id":"liquidation-decision"},"references":["IAS 10 §15"],"exercise":{"prompt":{"fr":"","en":"After the reporting period, Vaurval loses its two main customers and its cash collapses. Management assesses going concern solely on the basis of the position at 31 December. What is the error?","es":""},"explanation":{"fr":"","en":"A deterioration in operating results and financial position after the reporting period may indicate a need to consider whether the going concern assumption is still appropriate (IAS 10, para. 15).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Not restating the prior-year comparatives.","es":""},"correct":false,"feedback":{"fr":"","en":"No restatement is at issue.","es":""}},{"id":"B","text":{"fr":"","en":"There is no error: only the position at the reporting date counts.","es":""},"correct":false,"feedback":{"fr":"","en":"Events after the reporting period matter for going concern.","es":""}},{"id":"C","text":{"fr":"","en":"Not recognising a provision at 31 December for future revenue losses.","es":""},"correct":false,"feedback":{"fr":"","en":"Future losses are not provided for.","es":""}},{"id":"D","text":{"fr":"","en":"Ignoring the deterioration after the reporting period in assessing going concern.","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000112","standard_id":"IAS10","concept_ids":["IAS10.GOING_CONCERN.ASSESSMENT"],"dimension":"ANALYSIS","context":"V1_QST.IAS10.000112","tested_point":"QST.IAS10.000112","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":150,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000007","section_id":"liquidation-decision"},"references":["IAS 10 §16"],"exercise":{"prompt":{"fr":"","en":"In February, Vausade's bank refuses to renew its credit line; negotiations are under way. Management considers the going concern assumption still appropriate but acknowledges a material uncertainty, without saying anything about it in the notes. What is the error?","es":""},"explanation":{"fr":"","en":"IAS 1 specifies the disclosures required when management is aware of material uncertainties about going concern; the events giving rise to them may arise after the reporting period (IAS 10, para. 16). Wording before IFRS 18.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Omitting the disclosures about the material uncertainty related to going concern.","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"Keeping the going concern assumption while bank negotiations are still under way.","es":""},"correct":false,"feedback":{"fr":"","en":"Negotiations do not in themselves require the assumption to be abandoned.","es":""}},{"id":"C","text":{"fr":"","en":"Not providing at 31 December for the amount of the credit line not renewed.","es":""},"correct":false,"feedback":{"fr":"","en":"No provision is at issue.","es":""}},{"id":"D","text":{"fr":"","en":"There is no error: the uncertainty arose after the reporting period.","es":""},"correct":false,"feedback":{"fr":"","en":"The events giving rise to the disclosure may be later.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000113","standard_id":"IAS10","concept_ids":["IAS10.GOING_CONCERN.ASSESSMENT"],"dimension":"APPLICATION","context":"V1_VG.IAS10.000008","tested_point":"VG.IAS10.000008","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":180,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000007","section_id":"liquidation-decision"},"references":["IAS 10 §14"],"exercise":{"prompt":{"fr":"","en":"Vaustouël has a 31 December year-end. On 25 February, before the accounts are authorised, its shareholders vote to dissolve and liquidate the company. On what basis should the accounts for the year just ended be prepared?","es":""},"explanation":{"fr":"","en":"The entity does not prepare its financial statements on a going concern basis if management determines after the reporting period that it intends to liquidate the entity (IAS 10, para. 14).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"On a going concern basis, with a mere mention of the decision in the notes.","es":""},"correct":false,"feedback":{"fr":"","en":"A mention is not enough: the basis changes.","es":""}},{"id":"B","text":{"fr":"","en":"Not on a going concern basis.","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"On a going concern basis, the decision coming after the end of the year.","es":""},"correct":false,"feedback":{"fr":"","en":"A later decision is enough to rule out the basis.","es":""}},{"id":"D","text":{"fr":"","en":"On a going concern basis, with a provision for the costs of the coming liquidation.","es":""},"correct":false,"feedback":{"fr":"","en":"The going concern basis itself is ruled out.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000114","standard_id":"IAS10","concept_ids":["IAS10.GOING_CONCERN.ASSESSMENT"],"dimension":"APPLICATION","context":"V1_VG.IAS10.000008","tested_point":"VG.IAS10.000008","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":210,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000007","section_id":"liquidation-decision"},"references":["IAS 10 §14"],"exercise":{"prompt":{"fr":"","en":"Virgence runs a single licensed activity. In January, the authority permanently withdraws the licence; no conversion is possible and management concludes, before authorisation, that the activity will have to cease. What is the consequence for the accounts at 31 December?","es":""},"explanation":{"fr":"","en":"The entity does not prepare its financial statements on a going concern basis if, after the reporting period, management determines that it has no realistic alternative but to cease trading (IAS 10, para. 14).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"None: the withdrawal of the licence is a non-adjusting event.","es":""},"correct":false,"feedback":{"fr":"","en":"The going concern rule takes precedence over this classification.","es":""}},{"id":"B","text":{"fr":"","en":"The decision is deferred to the following year's accounts.","es":""},"correct":false,"feedback":{"fr":"","en":"The conclusion governs the accounts just closed.","es":""}},{"id":"C","text":{"fr":"","en":"Only the licence is written down, the going concern basis being kept for the rest of the accounts.","es":""},"correct":false,"feedback":{"fr":"","en":"An adjustment within the original basis is not enough.","es":""}},{"id":"D","text":{"fr":"","en":"The going concern basis is ruled out for these accounts.","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000115","standard_id":"IAS10","concept_ids":["IAS10.GOING_CONCERN.ASSESSMENT"],"dimension":"APPLICATION","context":"V1_QST.IAS10.000115","tested_point":"QST.IAS10.000115","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":180,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000007","section_id":"liquidation-decision"},"references":["IAS 10 §15"],"exercise":{"prompt":{"fr":"","en":"In January, Vrairois loses a contract accounting for 60% of its revenue and builds up monthly losses. No decision to cease trading is taken. What must management do before authorising the accounts at 31 December?","es":""},"explanation":{"fr":"","en":"A deterioration in operating results and financial position after the reporting period may indicate a need to consider whether the going concern assumption is still appropriate (IAS 10, para. 15).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Restate the prior-year accounts.","es":""},"correct":false,"feedback":{"fr":"","en":"No restatement is at issue.","es":""}},{"id":"B","text":{"fr":"","en":"Provide at 31 December for the monthly losses expected for the following year.","es":""},"correct":false,"feedback":{"fr":"","en":"Future losses are not provided for.","es":""}},{"id":"C","text":{"fr":"","en":"Reconsider whether the going concern assumption is still appropriate.","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"Nothing: only formal liquidation decisions count for going concern.","es":""},"correct":false,"feedback":{"fr":"","en":"A later deterioration must also be taken into account.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000116","standard_id":"IAS10","concept_ids":["IAS10.GOING_CONCERN.ASSESSMENT"],"dimension":"APPLICATION","context":"V1_QST.IAS10.000116","tested_point":"QST.IAS10.000116","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":180,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000007","section_id":"liquidation-decision"},"references":["IAS 10 §16"],"exercise":{"prompt":{"fr":"","en":"After the reporting period, Vraistine's main lender demands early repayment of a loan; refinancing is at an advanced stage of negotiation. Management concludes that the going concern assumption remains appropriate, with a material uncertainty. Which treatment applies?","es":""},"explanation":{"fr":"","en":"IAS 1 specifies the disclosures required when management is aware of material uncertainties about going concern; the events giving rise to them may arise after the reporting period (IAS 10, para. 16). Wording before IFRS 18.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Going concern basis kept, with no disclosure, the event being after the reporting period.","es":""},"correct":false,"feedback":{"fr":"","en":"Events after the reporting period may give rise to these disclosures.","es":""}},{"id":"B","text":{"fr":"","en":"Going concern basis abandoned, since a material uncertainty exists.","es":""},"correct":false,"feedback":{"fr":"","en":"An uncertainty is not enough to rule out the assumption.","es":""}},{"id":"C","text":{"fr":"","en":"Going concern basis kept, with the disclosures about the material uncertainty required by IAS 1.","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"Authorisation of the accounts postponed until the refinancing is concluded.","es":""},"correct":false,"feedback":{"fr":"","en":"The standard does not require such a postponement.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000117","standard_id":"IAS10","concept_ids":["IAS10.GOING_CONCERN.ASSESSMENT"],"dimension":"APPLICATION","context":"V1_QST.IAS10.000117","tested_point":"QST.IAS10.000117","difficulty":"EXPERT","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":210,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000007","section_id":"liquidation-decision"},"references":["IAS 10 §14"],"exercise":{"prompt":{"fr":"","en":"After the reporting period, Vrarnys's board considers selling its businesses in the face of difficulties, but an investor has made a firm recapitalisation offer that management considers realistic. No decision to cease trading is taken. What should be concluded on the basis of preparation?","es":""},"explanation":{"fr":"","en":"The going concern basis is ruled out only if management intends to liquidate or cease trading, or has no realistic alternative (IAS 10, para. 14); here a realistic alternative exists, which is a matter of documented judgement.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The going concern basis may be kept: a realistic alternative to ceasing trading exists.","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"The going concern basis is kept only if the recapitalisation is paid before the reporting date.","es":""},"correct":false,"feedback":{"fr":"","en":"Payment before the reporting date is not required.","es":""}},{"id":"C","text":{"fr":"","en":"The choice of basis is deferred until the investor decides, without authorising the accounts.","es":""},"correct":false,"feedback":{"fr":"","en":"The standard does not require such a postponement.","es":""}},{"id":"D","text":{"fr":"","en":"The going concern basis must be abandoned as soon as the board considers selling its businesses.","es":""},"correct":false,"feedback":{"fr":"","en":"Considering an option is not deciding to cease.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000118","standard_id":"IAS10","concept_ids":["IAS10.GOING_CONCERN.ASSESSMENT"],"dimension":"APPLICATION","context":"V1_QST.IAS10.000118","tested_point":"QST.IAS10.000118","difficulty":"EXPERT","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":210,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000007","section_id":"liquidation-decision"},"references":["IAS 10 §14","IAS 10 §15"],"exercise":{"prompt":{"fr":"","en":"Vrascade's only plant, uninsured, is destroyed by fire in February. Lacking the means to rebuild it, management concludes before authorisation that it has no realistic alternative but to cease trading. The accountant proposes simple disclosure of the fire. What is the answer?","es":""},"explanation":{"fr":"","en":"If management determines after the reporting period that it has no realistic alternative but to cease trading, the going concern basis is ruled out (IAS 10, para. 14); the effect requires a fundamental change of basis rather than an adjustment of amounts (IAS 10, para. 15).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Disclosure is enough, the fire being a non-adjusting event.","es":""},"correct":false,"feedback":{"fr":"","en":"The going concern rule goes beyond this classification.","es":""}},{"id":"B","text":{"fr":"","en":"The going concern basis is ruled out: the accounts change basis, beyond a disclosure.","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"One must wait for the fire assessment before concluding on going concern.","es":""},"correct":false,"feedback":{"fr":"","en":"Management's conclusion has already been reached.","es":""}},{"id":"D","text":{"fr":"","en":"The plant should simply be written down at 31 December, keeping the going concern basis.","es":""},"correct":false,"feedback":{"fr":"","en":"An adjustment within the original basis is not enough.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000122","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.AUTHORISATION"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000122","tested_point":"QST.IAS10.000122","difficulty":"BEGINNER","source":"V1","format":"TRUE_FALSE","estimated_time_s":40,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"authorisation"},"references":["IAS 10 §17"],"exercise":{"prompt":{"fr":"","en":"An entity discloses the date when its financial statements were authorised for issue and the body or persons who gave that authorisation.","es":""},"explanation":{"fr":"","en":"The entity discloses the date of authorisation for issue and who gave that authorisation (IAS 10, para. 17).","es":""},"format":"TRUE_FALSE","answer":true},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000123","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.AUTHORISATION"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000123","tested_point":"QST.IAS10.000123","difficulty":"BEGINNER","source":"V1","format":"TRUE_FALSE","estimated_time_s":40,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"authorisation"},"references":["IAS 10 §17"],"exercise":{"prompt":{"fr":"","en":"If the entity's owners have the power to amend the financial statements after issue, the entity discloses that fact.","es":""},"explanation":{"fr":"","en":"When the owners or others have the power to amend the financial statements after issue, the entity discloses that fact (IAS 10, para. 17).","es":""},"format":"TRUE_FALSE","answer":true},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000124","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.AUTHORISATION"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000124","tested_point":"QST.IAS10.000124","difficulty":"BEGINNER","source":"V1","format":"TRUE_FALSE","estimated_time_s":40,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"authorisation"},"references":["IAS 10 §18"],"exercise":{"prompt":{"fr":"","en":"Knowing the date of authorisation for issue is of no use to users of the financial statements.","es":""},"explanation":{"fr":"","en":"Users need to know when the financial statements were authorised, as they do not reflect events after that date (IAS 10, para. 18).","es":""},"format":"TRUE_FALSE","answer":false},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000125","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.AUTHORISATION"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000125","tested_point":"QST.IAS10.000125","difficulty":"BEGINNER","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":30,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"authorisation"},"references":["IAS 10 §17"],"exercise":{"prompt":{"fr":"","en":"Which statement meets the IAS 10 requirement on authorisation for issue?","es":""},"explanation":{"fr":"","en":"The entity discloses the date of authorisation for issue and the body or persons who gave it (IAS 10, para. 17).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"'The financial statements were audited by an independent firm.'","es":""},"correct":false,"feedback":{"fr":"","en":"The audit is not the subject of this disclosure.","es":""}},{"id":"B","text":{"fr":"","en":"'The financial statements are prepared in accordance with IFRS.'","es":""},"correct":false,"feedback":{"fr":"","en":"This statement meets another requirement.","es":""}},{"id":"C","text":{"fr":"","en":"'The financial statements will be submitted for approval to the annual general meeting.'","es":""},"correct":false,"feedback":{"fr":"","en":"Neither the date nor the authorising body is given.","es":""}},{"id":"D","text":{"fr":"","en":"'The financial statements were authorised for issue by the board of directors on 12 March 2026.'","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000126","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.AUTHORISATION"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000126","tested_point":"QST.IAS10.000126","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":60,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"authorisation"},"references":["IAS 10 §18"],"exercise":{"prompt":{"fr":"","en":"Why does IAS 10 regard disclosure of the date of authorisation for issue as important?","es":""},"explanation":{"fr":"","en":"Users need to know when the financial statements were authorised, as they do not reflect events after that date (IAS 10, para. 18).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Because it determines the tax year to which declared dividends relate.","es":""},"correct":false,"feedback":{"fr":"","en":"The standard does not deal with tax allocation.","es":""}},{"id":"B","text":{"fr":"","en":"Because it sets the start of the period in which shareholders may challenge the accounts.","es":""},"correct":false,"feedback":{"fr":"","en":"The standard does not deal with challenge periods.","es":""}},{"id":"C","text":{"fr":"","en":"Because it allows the length of the audit to be calculated.","es":""},"correct":false,"feedback":{"fr":"","en":"The length of the audit is not the issue.","es":""}},{"id":"D","text":{"fr":"","en":"Because the financial statements do not reflect events after that date.","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000127","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.AUTHORISATION"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000127","tested_point":"QST.IAS10.000127","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":60,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"authorisation"},"references":["IAS 10 §17"],"exercise":{"prompt":{"fr":"","en":"Tairgac's articles allow the meeting to amend the accounts after issue. What must it disclose, in addition to the date and the authorising body?","es":""},"explanation":{"fr":"","en":"When the owners or others have the power to amend the financial statements after issue, the entity discloses that fact (IAS 10, para. 17).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Nothing more: this power is a matter of company law.","es":""},"correct":false,"feedback":{"fr":"","en":"The standard requires this power to be disclosed.","es":""}},{"id":"B","text":{"fr":"","en":"That the owners have the power to amend the financial statements after issue.","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"The maximum amount of changes the meeting could make to the accounts.","es":""},"correct":false,"feedback":{"fr":"","en":"No amount is required.","es":""}},{"id":"D","text":{"fr":"","en":"The list of named shareholders with voting rights at the annual meeting.","es":""},"correct":false,"feedback":{"fr":"","en":"This list is not required.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000128","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.AUTHORISATION"],"dimension":"ANALYSIS","context":"V1_QST.IAS10.000128","tested_point":"QST.IAS10.000128","difficulty":"BEGINNER","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":90,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"authorisation"},"references":["IAS 10 §17"],"exercise":{"prompt":{"fr":"","en":"Tergal's note reads: 'Accounts authorised for issue on 9 March 2026.' What is the error?","es":""},"explanation":{"fr":"","en":"The entity discloses the date of authorisation for issue and the body or persons who gave it (IAS 10, para. 17).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The body or persons who authorised the issue are not stated.","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"There is no error: the date is enough.","es":""},"correct":false,"feedback":{"fr":"","en":"The author of the authorisation is also required.","es":""}},{"id":"C","text":{"fr":"","en":"The authorisation date should have been replaced by the reporting date.","es":""},"correct":false,"feedback":{"fr":"","en":"It is indeed the authorisation date that is required.","es":""}},{"id":"D","text":{"fr":"","en":"The note should have appeared in the management report rather than the financial statements.","es":""},"correct":false,"feedback":{"fr":"","en":"The disclosure belongs in the financial statements.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000129","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.AUTHORISATION"],"dimension":"ANALYSIS","context":"V1_QST.IAS10.000129","tested_point":"QST.IAS10.000129","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":120,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"authorisation"},"references":["IAS 10 §17","IAS 10 §18"],"exercise":{"prompt":{"fr":"","en":"Tevède's notes merely state that 'the accounts will be approved by the meeting on 15 June'. What is the error?","es":""},"explanation":{"fr":"","en":"The entity discloses the date of authorisation for issue and who gave it (IAS 10, para. 17); users need to know from when events are no longer reflected (IAS 10, para. 18).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The meeting date should have been replaced by the reporting date.","es":""},"correct":false,"feedback":{"fr":"","en":"The date required is the authorisation date.","es":""}},{"id":"B","text":{"fr":"","en":"There is no error: the meeting's approval serves as authorisation.","es":""},"correct":false,"feedback":{"fr":"","en":"The authorisation date must still be disclosed.","es":""}},{"id":"C","text":{"fr":"","en":"The date of authorisation for issue and its author are not stated.","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"The 15 June meeting should have been brought forward before the accounts were issued.","es":""},"correct":false,"feedback":{"fr":"","en":"The standard does not set a meeting timetable.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000130","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.AUTHORISATION"],"dimension":"ANALYSIS","context":"V1_QST.IAS10.000130","tested_point":"QST.IAS10.000130","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":120,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"authorisation"},"references":["IAS 10 §17"],"exercise":{"prompt":{"fr":"","en":"Under its articles, Traulbard's meeting can amend the accounts after issue. Its note states the authorisation date and the board that gave it, with nothing more. What is the error?","es":""},"explanation":{"fr":"","en":"When the owners or others have the power to amend the financial statements after issue, the entity discloses that fact, in addition to the date and author of the authorisation (IAS 10, para. 17).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"There is no error: the date and the body are always enough.","es":""},"correct":false,"feedback":{"fr":"","en":"The power to amend requires an additional disclosure.","es":""}},{"id":"B","text":{"fr":"","en":"The note should have detailed the composition of the board of directors.","es":""},"correct":false,"feedback":{"fr":"","en":"The composition of the board is not required.","es":""}},{"id":"C","text":{"fr":"","en":"The owners' power to amend the accounts after issue is not disclosed.","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"The date stated should have been that of the meeting, since the meeting can amend the accounts.","es":""},"correct":false,"feedback":{"fr":"","en":"The authorisation date remains that of the issue authorised by the board.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000131","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.UPDATING_CONDITIONS"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000131","tested_point":"QST.IAS10.000131","difficulty":"INTERMEDIATE","source":"V1","format":"TRUE_FALSE","estimated_time_s":40,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"updating"},"references":["IAS 10 §19"],"exercise":{"prompt":{"fr":"","en":"When an entity receives information after the reporting period about conditions that existed at the end of the period, it updates the disclosures about those conditions.","es":""},"explanation":{"fr":"","en":"The entity updates disclosures about conditions existing at the reporting date in the light of information received afterwards (IAS 10, para. 19).","es":""},"format":"TRUE_FALSE","answer":true},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000132","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.UPDATING_CONDITIONS"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000132","tested_point":"QST.IAS10.000132","difficulty":"INTERMEDIATE","source":"V1","format":"TRUE_FALSE","estimated_time_s":40,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"updating"},"references":["IAS 10 §20"],"exercise":{"prompt":{"fr":"","en":"Information received after the reporting period that changes no recognised amount never requires the notes to be updated.","es":""},"explanation":{"fr":"","en":"The entity may need to update disclosures even when the information received does not change the amounts recognised, for example for a contingent liability existing at the reporting date (IAS 10, para. 20).","es":""},"format":"TRUE_FALSE","answer":false},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000133","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.UPDATING_CONDITIONS"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000133","tested_point":"QST.IAS10.000133","difficulty":"INTERMEDIATE","source":"V1","format":"TRUE_FALSE","estimated_time_s":40,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"updating"},"references":["IAS 10 §16"],"exercise":{"prompt":{"fr":"","en":"The events that give rise to disclosures about material uncertainties related to going concern may arise after the reporting period.","es":""},"explanation":{"fr":"","en":"IAS 1 specifies these disclosures and the events or conditions requiring them may arise after the reporting period (IAS 10, para. 16). Wording before IFRS 18.","es":""},"format":"TRUE_FALSE","answer":true},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000134","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.UPDATING_CONDITIONS"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000134","tested_point":"QST.IAS10.000134","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":60,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"updating"},"references":["IAS 10 §20"],"exercise":{"prompt":{"fr":"","en":"After the reporting period, an entity obtains evidence about a contingent liability that existed at 31 December, without the conditions for a provision being met. What must it do?","es":""},"explanation":{"fr":"","en":"The entity updates the disclosures about a contingent liability existing at the reporting date in the light of evidence obtained afterwards, even with no effect on amounts (IAS 10, para. 20).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Recognise a provision at 31 December for the top of the range.","es":""},"correct":false,"feedback":{"fr":"","en":"The conditions for a provision are not met.","es":""}},{"id":"B","text":{"fr":"","en":"Change nothing, since no recognised amount is changed.","es":""},"correct":false,"feedback":{"fr":"","en":"Updating may be due without adjustment.","es":""}},{"id":"C","text":{"fr":"","en":"Remove the mention of the contingent liability from the notes, as it is now pointless.","es":""},"correct":false,"feedback":{"fr":"","en":"The contingent liability still exists.","es":""}},{"id":"D","text":{"fr":"","en":"Update the disclosures about that contingent liability.","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000135","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.UPDATING_CONDITIONS"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000135","tested_point":"QST.IAS10.000135","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":60,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"updating"},"references":["IAS 10 §19"],"exercise":{"prompt":{"fr":"","en":"Which disclosures does an entity update in the light of information received after the reporting period?","es":""},"explanation":{"fr":"","en":"The entity updates the disclosures about conditions that existed at the end of the period, in the light of the new information (IAS 10, para. 19).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"None: the notes are frozen at the reporting date.","es":""},"correct":false,"feedback":{"fr":"","en":"Disclosures about conditions at the reporting date are updated.","es":""}},{"id":"B","text":{"fr":"","en":"Those relating to conditions existing at the reporting date.","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"All the notes, to reflect the position at the date the accounts are authorised.","es":""},"correct":false,"feedback":{"fr":"","en":"Updating does not cover all the notes.","es":""}},{"id":"D","text":{"fr":"","en":"Only quantitative notes, excluding narrative disclosures.","es":""},"correct":false,"feedback":{"fr":"","en":"Narrative disclosures are also concerned.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000136","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.UPDATING_CONDITIONS"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000136","tested_point":"QST.IAS10.000136","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":90,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"updating"},"references":["IAS 10 §19"],"exercise":{"prompt":{"fr":"","en":"Which of these items of information received after the reporting period leads Zairvence to update an existing note?","es":""},"explanation":{"fr":"","en":"Updating concerns disclosures about conditions existing at the end of the period, in the light of information received afterwards (IAS 10, para. 19).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"An expert report specifying the extent of pollution identified before the reporting date.","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"A rise, in March, in the price of a raw material it buys regularly.","es":""},"correct":false,"feedback":{"fr":"","en":"The rise is after the reporting date.","es":""}},{"id":"C","text":{"fr":"","en":"The arrival in January of a new finance director, hired to support growth.","es":""},"correct":false,"feedback":{"fr":"","en":"The recruitment does not concern a condition at the reporting date.","es":""}},{"id":"D","text":{"fr":"","en":"The signing in February of a new lease for an additional warehouse.","es":""},"correct":false,"feedback":{"fr":"","en":"The lease creates a new condition.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000137","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.UPDATING_CONDITIONS"],"dimension":"ANALYSIS","context":"V1_QST.IAS10.000137","tested_point":"QST.IAS10.000137","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":120,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"updating"},"references":["IAS 10 §20"],"exercise":{"prompt":{"fr":"","en":"At 31 December, Zorgouël discloses a contingent liability for a customer claim. In February, the court-appointed expert puts the claim at three times the amount, the outflow remaining unlikely. The note is left unchanged. What is the error?","es":""},"explanation":{"fr":"","en":"Evidence obtained after the reporting period about a contingent liability that existed at the end of the period leads to updating the disclosures about it (IAS 10, para. 20).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Failing to update the disclosure about the contingent liability.","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"Not postponing issue of the accounts until judgment.","es":""},"correct":false,"feedback":{"fr":"","en":"The standard does not require such a postponement.","es":""}},{"id":"C","text":{"fr":"","en":"Disclosing the contingent liability instead of ignoring it.","es":""},"correct":false,"feedback":{"fr":"","en":"Disclosing the contingent liability is appropriate.","es":""}},{"id":"D","text":{"fr":"","en":"Not recognising a provision at 31 December for the amount set by the court-appointed expert.","es":""},"correct":false,"feedback":{"fr":"","en":"As the outflow remains unlikely, no provision is at issue.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000138","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.UPDATING_CONDITIONS"],"dimension":"ANALYSIS","context":"V1_QST.IAS10.000138","tested_point":"QST.IAS10.000138","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":150,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"updating"},"references":["IAS 10 §19"],"exercise":{"prompt":{"fr":"","en":"At 31 December, Zélvix describes in a note a guarantee given for a partner, with the maximum exposure 'to be confirmed'. In January, the partner provides the final amount of the guaranteed debt. The note keeps the words 'to be confirmed'. What is the error?","es":""},"explanation":{"fr":"","en":"The entity updates the disclosures about conditions that existed at the end of the period in the light of information received after the reporting period (IAS 10, para. 19).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"There is no error: information received in January concerns the following year.","es":""},"correct":false,"feedback":{"fr":"","en":"The information concerns a condition at the reporting date.","es":""}},{"id":"B","text":{"fr":"","en":"Failing to update the disclosure about a condition existing at the reporting date.","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"Not restating the prior-year comparatives with the new amount.","es":""},"correct":false,"feedback":{"fr":"","en":"No restatement is at issue.","es":""}},{"id":"D","text":{"fr":"","en":"Describing the guarantee instead of waiting for any default by the partner.","es":""},"correct":false,"feedback":{"fr":"","en":"Describing the guarantee is appropriate.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000139","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.UPDATING_CONDITIONS"],"dimension":"APPLICATION","context":"V1_QST.IAS10.000139","tested_point":"QST.IAS10.000139","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":150,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"updating"},"references":["IAS 10 §20"],"exercise":{"prompt":{"fr":"","en":"Since October, Zéstine has faced a claim from a competitor; at 31 December, an outflow is considered unlikely and a contingent liability is disclosed. In February, an expert report narrows the range at stake, the outflow remaining unlikely. Which treatment applies?","es":""},"explanation":{"fr":"","en":"Evidence obtained after the reporting period about a contingent liability that existed at the end of the period leads to updating the disclosures about it, even with no effect on amounts (IAS 10, para. 20).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Recognise a provision at 31 December for the midpoint of the new range.","es":""},"correct":false,"feedback":{"fr":"","en":"The conditions for a provision are not met.","es":""}},{"id":"B","text":{"fr":"","en":"Leave the note unchanged, as there is no effect on recognised amounts.","es":""},"correct":false,"feedback":{"fr":"","en":"Updating may be due without adjustment.","es":""}},{"id":"C","text":{"fr":"","en":"Remove the note until final judgment.","es":""},"correct":false,"feedback":{"fr":"","en":"The disclosure must be kept and updated.","es":""}},{"id":"D","text":{"fr":"","en":"Update the description of the contingent liability, without recognising a provision.","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000140","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.UPDATING_CONDITIONS"],"dimension":"APPLICATION","context":"V1_QST.IAS10.000140","tested_point":"QST.IAS10.000140","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":180,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"updating"},"references":["IAS 10 §19"],"exercise":{"prompt":{"fr":"","en":"In February, Zéstix receives two items of information: new evidence on a tax dispute opened in September, and a lawsuit brought by a customer over a February delivery. Which one leads to updating an existing note?","es":""},"explanation":{"fr":"","en":"The entity updates disclosures about conditions that existed at the end of the period in the light of information received afterwards (IAS 10, para. 19); a condition arising after the reporting date is treated differently.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Neither, the notes being finalised at the reporting date.","es":""},"correct":false,"feedback":{"fr":"","en":"Disclosures about conditions at the reporting date are updated.","es":""}},{"id":"B","text":{"fr":"","en":"Both, since they are received before the accounts are authorised.","es":""},"correct":false,"feedback":{"fr":"","en":"Only the condition existing at the reporting date calls for updating.","es":""}},{"id":"C","text":{"fr":"","en":"The evidence on the tax dispute, a condition existing at the reporting date.","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"The customer's lawsuit, which concerns a delivery made after the end of the year.","es":""},"correct":false,"feedback":{"fr":"","en":"This lawsuit indicates a later condition, analysed separately.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000141","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.UPDATING_CONDITIONS"],"dimension":"APPLICATION","context":"V1_QST.IAS10.000141","tested_point":"QST.IAS10.000141","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":180,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"updating"},"references":["IAS 10 §19","IAS 10 §16"],"exercise":{"prompt":{"fr":"","en":"At 31 December, Drilède discloses a material uncertainty about going concern, linked to a loan maturity. In February, its bank confirms five-year refinancing. What should be done with this note before authorisation?","es":""},"explanation":{"fr":"","en":"The entity updates disclosures about conditions existing at the reporting date in the light of information received afterwards (IAS 10, para. 19); events related to going concern uncertainties may arise after the reporting period (IAS 10, para. 16). Wording before IFRS 18.","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Leave it unchanged, the notes reflecting the position at 31 December.","es":""},"correct":false,"feedback":{"fr":"","en":"Disclosures about a reporting-date condition are updated.","es":""}},{"id":"B","text":{"fr":"","en":"Update it in the light of the refinancing obtained.","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"Delete it without further comment, the uncertainty having disappeared.","es":""},"correct":false,"feedback":{"fr":"","en":"Updating must reflect the new information, not erase it without explanation.","es":""}},{"id":"D","text":{"fr":"","en":"Adjust the amounts recognised for the loan at 31 December.","es":""},"correct":false,"feedback":{"fr":"","en":"The later refinancing does not change the reporting-date amounts.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000142","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.NON_ADJUSTING_EVENTS"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000142","tested_point":"QST.IAS10.000142","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":60,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"non-adjusting-disclosure"},"references":["IAS 10 §21"],"exercise":{"prompt":{"fr":"","en":"What must an entity disclose for each material category of non-adjusting events?","es":""},"explanation":{"fr":"","en":"For each material category of non-adjusting events, the entity discloses the nature of the event and an estimate of its financial effect, or a statement that such an estimate cannot be made (IAS 10, para. 21).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"A restated statement of financial position as if the event had occurred before the reporting date.","es":""},"correct":false,"feedback":{"fr":"","en":"No restatement is required.","es":""}},{"id":"B","text":{"fr":"","en":"Only the date of the event.","es":""},"correct":false,"feedback":{"fr":"","en":"The date alone is not enough.","es":""}},{"id":"C","text":{"fr":"","en":"The nature of the event and an estimate of its financial effect, or that it cannot be estimated.","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"The list of persons informed of the event before authorisation.","es":""},"correct":false,"feedback":{"fr":"","en":"This list is not required.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000143","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.NON_ADJUSTING_EVENTS"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000143","tested_point":"QST.IAS10.000143","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":60,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"non-adjusting-disclosure"},"references":["IAS 10 §21"],"exercise":{"prompt":{"fr":"","en":"The financial effect of a material non-adjusting event cannot be estimated at the authorisation date. What must the entity do?","es":""},"explanation":{"fr":"","en":"The entity discloses the nature of the event and an estimate of its financial effect, or a statement that such an estimate cannot be made (IAS 10, para. 21).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Describe the event and state that its effect cannot be estimated.","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"Delay authorisation of the accounts until an estimate is possible.","es":""},"correct":false,"feedback":{"fr":"","en":"The standard does not require such a delay.","es":""}},{"id":"C","text":{"fr":"","en":"Recognise a flat-rate provision at 31 December, in the absence of a precise estimate.","es":""},"correct":false,"feedback":{"fr":"","en":"No recognition is at issue.","es":""}},{"id":"D","text":{"fr":"","en":"Disclose nothing until a reliable estimate of the effect is available.","es":""},"correct":false,"feedback":{"fr":"","en":"The absence of an estimate does not remove the need for disclosure.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000144","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.NON_ADJUSTING_EVENTS"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000144","tested_point":"QST.IAS10.000144","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":90,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"non-adjusting-disclosure"},"references":["IAS 10 §21"],"exercise":{"prompt":{"fr":"","en":"Under IAS 10, when is a non-adjusting event material enough to require disclosure?","es":""},"explanation":{"fr":"","en":"A non-adjusting event is material when its omission could reasonably be expected to influence the decisions of the primary users of the financial statements (IAS 10, para. 21).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"When it concerns a foreign subsidiary.","es":""},"correct":false,"feedback":{"fr":"","en":"Location is not the criterion.","es":""}},{"id":"B","text":{"fr":"","en":"When its amount exceeds a numerical threshold set by the standard.","es":""},"correct":false,"feedback":{"fr":"","en":"The standard sets no numerical threshold.","es":""}},{"id":"C","text":{"fr":"","en":"When the entity issued a press release about it before the accounts were authorised.","es":""},"correct":false,"feedback":{"fr":"","en":"Public communication is not the criterion.","es":""}},{"id":"D","text":{"fr":"","en":"When its omission could reasonably be expected to influence the decisions of primary users.","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000145","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.NON_ADJUSTING_EVENTS"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000145","tested_point":"QST.IAS10.000145","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":90,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"non-adjusting-disclosure"},"references":["IAS 10 §22"],"exercise":{"prompt":{"fr":"","en":"A higher tax rate is announced after the reporting period, with a significant effect on deferred taxes. What disclosure should be provided in the accounts for the year just ended?","es":""},"explanation":{"fr":"","en":"Changes in tax rates announced after the reporting period that have a significant effect on current and deferred tax assets and liabilities are non-adjusting events that generally require disclosure (IAS 10, para. 22).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Remeasurement of deferred taxes at the new rate, with no other disclosure in the notes.","es":""},"correct":false,"feedback":{"fr":"","en":"The change does not affect measurement at the reporting date.","es":""}},{"id":"B","text":{"fr":"","en":"Disclosure of the change, without changing the measurement of deferred taxes at the reporting date.","es":""},"correct":true},{"id":"C","text":{"fr":"","en":"No disclosure, the rate applying only to future years.","es":""},"correct":false,"feedback":{"fr":"","en":"The significant effect requires disclosure.","es":""}},{"id":"D","text":{"fr":"","en":"Remeasurement of deferred taxes and detailed disclosure of the difference recognised.","es":""},"correct":false,"feedback":{"fr":"","en":"No remeasurement at the reporting date is at issue.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000146","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.NON_ADJUSTING_EVENTS"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000146","tested_point":"QST.IAS10.000146","difficulty":"INTERMEDIATE","source":"V1","format":"MULTIPLE_CHOICE","estimated_time_s":80,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"non-adjusting-disclosure"},"references":["IAS 10 §21"],"exercise":{"prompt":{"fr":"","en":"Which items make up the disclosure required for a material non-adjusting event?","es":""},"explanation":{"fr":"","en":"The entity discloses the nature of the event and an estimate of its financial effect, or a statement that such an estimate cannot be made (IAS 10, para. 21).","es":""},"format":"MULTIPLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"A restated statement of financial position.","es":""},"correct":false,"feedback":{"fr":"","en":"No restatement is required.","es":""}},{"id":"B","text":{"fr":"","en":"The minutes of the board meeting that learned of the event.","es":""},"correct":false,"feedback":{"fr":"","en":"These minutes are not required.","es":""}},{"id":"C","text":{"fr":"","en":"Pro forma accounts for the following year.","es":""},"correct":false,"feedback":{"fr":"","en":"Pro forma accounts are not required.","es":""}},{"id":"D","text":{"fr":"","en":"An estimate of the financial effect, or a statement that it cannot be made.","es":""},"correct":true},{"id":"E","text":{"fr":"","en":"The nature of the event.","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000147","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.NON_ADJUSTING_EVENTS"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000147","tested_point":"QST.IAS10.000147","difficulty":"ADVANCED","source":"V1","format":"MULTIPLE_CHOICE","estimated_time_s":110,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"non-adjusting-disclosure"},"references":["IAS 10 §22"],"exercise":{"prompt":{"fr":"","en":"Which of these events after the reporting period are among the IAS 10 examples that generally require disclosure?","es":""},"explanation":{"fr":"","en":"Examples of non-adjusting events include major purchases of assets, entering into significant commitments such as guarantees, and major litigation arising solely out of later events (IAS 10, para. 22).","es":""},"format":"MULTIPLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Major purchases of assets.","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"The settlement of a court case confirming an obligation existing at the reporting date.","es":""},"correct":false,"feedback":{"fr":"","en":"This is an adjusting event.","es":""}},{"id":"C","text":{"fr":"","en":"The discovery of a fraud that affected the year just ended.","es":""},"correct":false,"feedback":{"fr":"","en":"This is an adjusting event.","es":""}},{"id":"D","text":{"fr":"","en":"Entering into significant commitments, for example by issuing significant guarantees.","es":""},"correct":true},{"id":"E","text":{"fr":"","en":"Commencing major litigation arising solely out of events after the reporting period.","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000148","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.NON_ADJUSTING_EVENTS"],"dimension":"RULE_KNOWLEDGE","context":"V1_QST.IAS10.000148","tested_point":"QST.IAS10.000148","difficulty":"ADVANCED","source":"V1","format":"MULTIPLE_CHOICE","estimated_time_s":140,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"non-adjusting-disclosure"},"references":["IAS 10 §21"],"exercise":{"prompt":{"fr":"","en":"Fleunenne, with total assets of 40 million, identifies several events after the reporting period. Which ones probably require disclosure given their effect on users' decisions?","es":""},"explanation":{"fr":"","en":"A non-adjusting event requires disclosure when it is material, that is, when its omission could reasonably be expected to influence the decisions of primary users (IAS 10, para. 21); the assessment is a matter of judgement.","es":""},"format":"MULTIPLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The acquisition of a competitor for 14 million.","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"An IT outage repaired within two hours.","es":""},"correct":false,"feedback":{"fr":"","en":"An event with no significant effect.","es":""}},{"id":"C","text":{"fr":"","en":"The issue of a 9 million guarantee on a partner's debt.","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"The retirement of an accountant.","es":""},"correct":false,"feedback":{"fr":"","en":"An event with no significant effect.","es":""}},{"id":"E","text":{"fr":"","en":"The replacement of furniture at a regional office.","es":""},"correct":false,"feedback":{"fr":"","en":"An event with no effect on users' decisions.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000149","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.NON_ADJUSTING_EVENTS"],"dimension":"CALCULATION","context":"V1_VG.IAS10.000009","tested_point":"VG.IAS10.000009","difficulty":"ADVANCED","source":"V1","format":"NUMERICAL","estimated_time_s":210,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"non-adjusting-disclosure"},"references":["IAS 10 §21","IAS 10 §22"],"exercise":{"prompt":{"fr":"","en":"Flastois's main plant (carrying amount {plant_carrying_amount}) is destroyed by an explosion on 8 February, with no inventory inside ({inventory_destroyed}). The insurer has confirmed proceeds of {expected_insurance} (case data). What loss should be recognised at 31 December and what financial effect estimated in the notes?","es":""},"explanation":{"fr":"","en":"The destruction of a plant after the reporting period is a non-adjusting event (IAS 10, para. 22): no loss at the reporting date; estimate of the financial effect to disclose (IAS 10, para. 21), from the case data: 1,240,000 + 0 − 900,000 = 340,000.","es":""},"common_error":{"fr":"","en":"Recognising the loss in the accounts of the year just ended.","es":""},"format":"CALCULATION","placeholders":[{"id":"plant_carrying_amount","value":"1240000","unit":"EUR"},{"id":"inventory_destroyed","value":"0","unit":"EUR"},{"id":"expected_insurance","value":"900000","unit":"EUR"}],"data":[{"label":{"fr":"","en":"Carrying amount of the destroyed plant","es":""},"value":"1240000","unit":"EUR"},{"label":{"fr":"","en":"Inventories destroyed","es":""},"value":"0","unit":"EUR"},{"label":{"fr":"","en":"Expected insurance proceeds","es":""},"value":"900000","unit":"EUR"}],"steps":[{"id":"LOSS_AT_YEAR_END","label":{"fr":"","en":"Loss recognised at the reporting date","es":""},"answer":0,"tolerance":0,"unit":"EUR"},{"id":"ESTIMATED_EFFECT","label":{"fr":"","en":"Estimated financial effect to disclose","es":""},"answer":340000,"tolerance":0,"unit":"EUR"}],"formula":{"lines":[{"step":"ESTIMATED_EFFECT","meaning":{"fr":"","en":"Estimated financial effect to disclose","es":""},"expression":"a + b - c","variables":[{"symbol":"a","meaning":{"fr":"","en":"Carrying amount of the destroyed plant","es":""},"value":1240000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Inventories destroyed","es":""},"value":0,"unit":"EUR"},{"symbol":"c","meaning":{"fr":"","en":"Expected insurance proceeds","es":""},"value":900000,"unit":"EUR"}],"result":340000,"unit":"EUR","rationale":{"fr":"","en":"estimate of the financial effect to disclose (IAS 10, para. 21), from the case data: 1,240,000 + 0 − 900,000 = 340,000.","es":""}}],"references":["REF.IAS10.21","REF.IAS10.22"]}},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000150","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.NON_ADJUSTING_EVENTS"],"dimension":"CALCULATION","context":"V1_VG.IAS10.000009","tested_point":"VG.IAS10.000009","difficulty":"ADVANCED","source":"V1","format":"NUMERICAL","estimated_time_s":240,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"non-adjusting-disclosure"},"references":["IAS 10 §21","IAS 10 §22"],"exercise":{"prompt":{"fr":"","en":"A fire on 3 March destroys Flindouël's production site: buildings and machinery ({plant_carrying_amount}) and stored inventories ({inventory_destroyed}). Insurance will cover {expected_insurance} (case data). The accounts at 31 December are not yet authorised. State the loss at the reporting date and the financial effect to disclose.","es":""},"explanation":{"fr":"","en":"The destruction of a plant after the reporting period is a non-adjusting event (IAS 10, para. 22): no loss at the reporting date; estimate of the financial effect to disclose (IAS 10, para. 21), from the case data: 860,000 + 140,000 − 610,000 = 390,000.","es":""},"common_error":{"fr":"","en":"Recognising the loss in the accounts of the year just ended.","es":""},"format":"CALCULATION","placeholders":[{"id":"plant_carrying_amount","value":"860000","unit":"EUR"},{"id":"inventory_destroyed","value":"140000","unit":"EUR"},{"id":"expected_insurance","value":"610000","unit":"EUR"}],"data":[{"label":{"fr":"","en":"Carrying amount of the destroyed plant","es":""},"value":"860000","unit":"EUR"},{"label":{"fr":"","en":"Inventories destroyed","es":""},"value":"140000","unit":"EUR"},{"label":{"fr":"","en":"Expected insurance proceeds","es":""},"value":"610000","unit":"EUR"}],"steps":[{"id":"LOSS_AT_YEAR_END","label":{"fr":"","en":"Loss recognised at the reporting date","es":""},"answer":0,"tolerance":0,"unit":"EUR"},{"id":"ESTIMATED_EFFECT","label":{"fr":"","en":"Estimated financial effect to disclose","es":""},"answer":390000,"tolerance":0,"unit":"EUR"}],"formula":{"lines":[{"step":"ESTIMATED_EFFECT","meaning":{"fr":"","en":"Estimated financial effect to disclose","es":""},"expression":"a + b - c","variables":[{"symbol":"a","meaning":{"fr":"","en":"Carrying amount of the destroyed plant","es":""},"value":860000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Inventories destroyed","es":""},"value":140000,"unit":"EUR"},{"symbol":"c","meaning":{"fr":"","en":"Expected insurance proceeds","es":""},"value":610000,"unit":"EUR"}],"result":390000,"unit":"EUR","rationale":{"fr":"","en":"estimate of the financial effect to disclose (IAS 10, para. 21), from the case data: 860,000 + 140,000 − 610,000 = 390,000.","es":""}}],"references":["REF.IAS10.21","REF.IAS10.22"]}},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000151","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.NON_ADJUSTING_EVENTS"],"dimension":"CALCULATION","context":"V1_QST.IAS10.000151","tested_point":"QST.IAS10.000151","difficulty":"ADVANCED","source":"V1","format":"NUMERICAL","estimated_time_s":240,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"non-adjusting-disclosure"},"references":["IAS 10 §22"],"exercise":{"prompt":{"fr":"","en":"Flolbix has taxable temporary differences of {taxable_temporary_differences} at 31 December; its deferred tax liability is measured at the {rate_at_year_end} rate applicable at the reporting date (case data). In February, a rate of {rate_announced_after} is announced. What liability should be kept at the reporting date and what effect disclosed?","es":""},"explanation":{"fr":"","en":"The rate change announced after the reporting period is non-adjusting but requires disclosure if its effect is significant (IAS 10, para. 22): liability at the reporting date 2,000,000 × 25% = 500,000; effect: 2,000,000 × (28% − 25%) = 60,000.","es":""},"common_error":{"fr":"","en":"Measuring the reporting-date liability at the rate announced in February.","es":""},"format":"CALCULATION","placeholders":[{"id":"taxable_temporary_differences","value":"2000000","unit":"EUR"},{"id":"rate_at_year_end","value":"25","unit":"PERCENT"},{"id":"rate_announced_after","value":"28","unit":"PERCENT"}],"data":[{"label":{"fr":"","en":"Taxable temporary differences","es":""},"value":"2000000","unit":"EUR"},{"label":{"fr":"","en":"Rate applicable at the reporting date","es":""},"value":"25","unit":"PERCENT"},{"label":{"fr":"","en":"Rate announced in February","es":""},"value":"28","unit":"PERCENT"}],"steps":[{"id":"DTL_AT_YEAR_END","label":{"fr":"","en":"Deferred tax liability at the reporting date","es":""},"answer":500000,"tolerance":0,"unit":"EUR"},{"id":"EFFECT_TO_DISCLOSE","label":{"fr":"","en":"Effect to disclose","es":""},"answer":60000,"tolerance":0,"unit":"EUR"}],"formula":{"lines":[{"step":"DTL_AT_YEAR_END","meaning":{"fr":"","en":"Deferred tax liability at the reporting date","es":""},"expression":"a * b","variables":[{"symbol":"a","meaning":{"fr":"","en":"Taxable temporary differences","es":""},"value":2000000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Rate applicable at the reporting date","es":""},"value":25,"unit":"PERCENT"}],"result":500000,"unit":"EUR","rationale":{"fr":"","en":"The rate change announced after the reporting period is non-adjusting but requires disclosure if its effect is significant (IAS 10, para. 22): liability at the reporting date 2,000,000 × 25% = 500,000","es":""}},{"step":"EFFECT_TO_DISCLOSE","meaning":{"fr":"","en":"Effect to disclose","es":""},"expression":"a * (b - c)","variables":[{"symbol":"a","meaning":{"fr":"","en":"Taxable temporary differences","es":""},"value":2000000,"unit":"EUR"},{"symbol":"b","meaning":{"fr":"","en":"Rate announced in February","es":""},"value":28,"unit":"PERCENT"},{"symbol":"c","meaning":{"fr":"","en":"Rate applicable at the reporting date","es":""},"value":25,"unit":"PERCENT"}],"result":60000,"unit":"EUR"}],"references":["REF.IAS10.22"]}},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000152","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.NON_ADJUSTING_EVENTS"],"dimension":"CALCULATION","context":"V1_QST.IAS10.000152","tested_point":"QST.IAS10.000152","difficulty":"INTERMEDIATE","source":"V1","format":"NUMERICAL","estimated_time_s":180,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"non-adjusting-disclosure"},"references":["IAS 10 §22"],"exercise":{"prompt":{"fr":"","en":"On 15 February, before its 2025 accounts are authorised, Flosia issues {new_shares} new ordinary shares at a price of {issue_price}. What amount of the transaction should be given in the disclosure of events after the reporting period?","es":""},"explanation":{"fr":"","en":"Major ordinary share transactions after the reporting period are non-adjusting events that generally require disclosure (IAS 10, para. 22): 200,000 × 15 = 3,000,000, with no effect on equity at 31 December.","es":""},"format":"CALCULATION","placeholders":[{"id":"new_shares","value":"200000","unit":"UNITS"},{"id":"issue_price","value":"15","unit":"EUR"}],"data":[{"label":{"fr":"","en":"New shares issued","es":""},"value":"200000","unit":"UNITS"},{"label":{"fr":"","en":"Issue price per share","es":""},"value":"15","unit":"EUR"}],"steps":[{"id":"ISSUE_PROCEEDS","label":{"fr":"","en":"Issue proceeds","es":""},"answer":3000000,"tolerance":0,"unit":"EUR"}],"formula":{"lines":[{"step":"ISSUE_PROCEEDS","meaning":{"fr":"","en":"Issue proceeds","es":""},"expression":"a * b","variables":[{"symbol":"a","meaning":{"fr":"","en":"New shares issued","es":""},"value":200000,"unit":"UNITS"},{"symbol":"b","meaning":{"fr":"","en":"Issue price per share","es":""},"value":15,"unit":"EUR"}],"result":3000000,"unit":"EUR","rationale":{"fr":"","en":"Major ordinary share transactions after the reporting period are non-adjusting events that generally require disclosure (IAS 10, para. 22): 200,000 × 15 = 3,000,000, with no effect on equity at 31 December.","es":""}}],"references":["REF.IAS10.22"]}},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000153","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.NON_ADJUSTING_EVENTS"],"dimension":"ANALYSIS","context":"V1_QST.IAS10.000153","tested_point":"QST.IAS10.000153","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":120,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"non-adjusting-disclosure"},"references":["IAS 10 §21"],"exercise":{"prompt":{"fr":"","en":"Vryrvorn's note reads: 'A fire destroyed our main warehouse in February.' No further detail is given, although the event is material. What is the error?","es":""},"explanation":{"fr":"","en":"For a material non-adjusting event, the entity discloses its nature and an estimate of its financial effect, or a statement that such an estimate cannot be made (IAS 10, para. 21).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The absence of an estimate of the financial effect or of a statement that it cannot be estimated.","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"The mention of the fire, which should have been replaced by a loss recognised at 31 December.","es":""},"correct":false,"feedback":{"fr":"","en":"No loss is recognised at the reporting date.","es":""}},{"id":"C","text":{"fr":"","en":"There is no error: the nature of the event is enough.","es":""},"correct":false,"feedback":{"fr":"","en":"The nature alone is not enough.","es":""}},{"id":"D","text":{"fr":"","en":"The description of the fire, which should have remained confidential until the assessment.","es":""},"correct":false,"feedback":{"fr":"","en":"The disclosure is required.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000154","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.NON_ADJUSTING_EVENTS"],"dimension":"ANALYSIS","context":"V1_QST.IAS10.000154","tested_point":"QST.IAS10.000154","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":150,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"non-adjusting-disclosure"},"references":["IAS 10 §21","IAS 10 §22"],"exercise":{"prompt":{"fr":"","en":"In February, Vréndore acquires a group the same size as itself. Its notes on events after the reporting period say nothing about it, 'since the transaction does not change the accounts for the year'. What is the error?","es":""},"explanation":{"fr":"","en":"A major business combination after the reporting period is a non-adjusting event that generally requires disclosure (IAS 10, para. 22); if material, its nature and effect are disclosed (IAS 10, para. 21).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"There is no error: only adjusting events are mentioned.","es":""},"correct":false,"feedback":{"fr":"","en":"Material non-adjusting events are disclosed.","es":""}},{"id":"B","text":{"fr":"","en":"Not providing for the acquisition price at 31 December.","es":""},"correct":false,"feedback":{"fr":"","en":"No provision is at issue.","es":""}},{"id":"C","text":{"fr":"","en":"Not consolidating the acquired group from 31 December.","es":""},"correct":false,"feedback":{"fr":"","en":"Control is obtained after the reporting date.","es":""}},{"id":"D","text":{"fr":"","en":"Omitting a material non-adjusting event that requires disclosure.","es":""},"correct":true}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000155","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.NON_ADJUSTING_EVENTS"],"dimension":"ANALYSIS","context":"V1_QST.IAS10.000155","tested_point":"QST.IAS10.000155","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":150,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"non-adjusting-disclosure"},"references":["IAS 10 §22"],"exercise":{"prompt":{"fr":"","en":"Vuscia remeasures its deferred taxes at 31 December at the new rate announced by the government in January, and gives no disclosure of the change. What is the error?","es":""},"explanation":{"fr":"","en":"Changes in tax rates announced after the reporting period that have a significant effect on current and deferred tax assets and liabilities are non-adjusting events that generally require disclosure (IAS 10, para. 22).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"There is no error: the new rate is known before authorisation.","es":""},"correct":false,"feedback":{"fr":"","en":"Knowing it before authorisation does not make it adjusting.","es":""}},{"id":"B","text":{"fr":"","en":"Using the new rate for deferred tax assets only.","es":""},"correct":false,"feedback":{"fr":"","en":"The issue is not the scope of the remeasurement.","es":""}},{"id":"C","text":{"fr":"","en":"Treating a rate change announced after the reporting period as an adjusting event.","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"Not also remeasuring current tax for the year just ended at the new rate.","es":""},"correct":false,"feedback":{"fr":"","en":"Current tax is not remeasured for this reason either.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000156","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.NON_ADJUSTING_EVENTS"],"dimension":"APPLICATION","context":"V1_QST.IAS10.000156","tested_point":"QST.IAS10.000156","difficulty":"INTERMEDIATE","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":180,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"non-adjusting-disclosure"},"references":["IAS 10 §21"],"exercise":{"prompt":{"fr":"","en":"In February, a foreign regulator suspends the operating licence of Féstax's main subsidiary. The event is material; its financial effect cannot yet be estimated at the authorisation date. What disclosure applies?","es":""},"explanation":{"fr":"","en":"For a material non-adjusting event, the entity discloses its nature and an estimate of its financial effect, or a statement that such an estimate cannot be made (IAS 10, para. 21).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"Mention the suspension without further detail, the amount being unknown.","es":""},"correct":false,"feedback":{"fr":"","en":"The impossibility of estimating must be stated.","es":""}},{"id":"B","text":{"fr":"","en":"Recognise an impairment of the subsidiary at 31 December, in the absence of an estimate of the effect.","es":""},"correct":false,"feedback":{"fr":"","en":"The suspension is later: no adjustment.","es":""}},{"id":"C","text":{"fr":"","en":"Describe the suspension and state that its financial effect cannot be estimated.","es":""},"correct":true},{"id":"D","text":{"fr":"","en":"Wait for a reliable estimate before disclosing anything about the suspension.","es":""},"correct":false,"feedback":{"fr":"","en":"Disclosure is due without waiting.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000157","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.NON_ADJUSTING_EVENTS"],"dimension":"APPLICATION","context":"V1_QST.IAS10.000157","tested_point":"QST.IAS10.000157","difficulty":"ADVANCED","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":180,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"non-adjusting-disclosure"},"references":["IAS 10 §21"],"exercise":{"prompt":{"fr":"","en":"After the reporting period, Dreuscade loses a customer accounting for 1% of its revenue and signs the disposal of a division representing 30% of its assets. Which event(s) should be disclosed?","es":""},"explanation":{"fr":"","en":"Disclosure is due for material non-adjusting events, whose omission could reasonably be expected to influence the decisions of primary users (IAS 10, para. 21).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"The disposal of the division, whose omission could influence users' decisions.","es":""},"correct":true},{"id":"B","text":{"fr":"","en":"Only the loss of the customer, because it directly affects future revenue.","es":""},"correct":false,"feedback":{"fr":"","en":"The lost customer is marginal.","es":""}},{"id":"C","text":{"fr":"","en":"Neither: these events do not change the accounts for the year just ended.","es":""},"correct":false,"feedback":{"fr":"","en":"Material non-adjusting events are disclosed.","es":""}},{"id":"D","text":{"fr":"","en":"Both events, since every event after the reporting period must be disclosed.","es":""},"correct":false,"feedback":{"fr":"","en":"Only material events are disclosed.","es":""}}]},"scope":"CORE_STUDENT"},{"key":"QST.IAS10.000158","standard_id":"IAS10","concept_ids":["IAS10.DISCLOSURE.NON_ADJUSTING_EVENTS"],"dimension":"APPLICATION","context":"V1_QST.IAS10.000158","tested_point":"QST.IAS10.000158","difficulty":"EXPERT","source":"V1","format":"SINGLE_CHOICE","estimated_time_s":210,"lesson_id":null,"review":{"standard_id":"IAS10","lesson_id":"LS.IAS10.000008","section_id":"non-adjusting-disclosure"},"references":["IAS 10 §21","IAS 10 §22"],"exercise":{"prompt":{"fr":"","en":"In February, an accident at a Vuvois site, occurring that same month, leads local residents to bring a major claim against it; the outcome and amount are highly uncertain. How is it treated in the accounts at 31 December?","es":""},"explanation":{"fr":"","en":"Commencing major litigation arising solely out of events after the reporting period is a non-adjusting event (IAS 10, para. 22); if material, its nature and an estimate of its effect, or a statement that one cannot be made, are disclosed (IAS 10, para. 21).","es":""},"format":"SINGLE_CHOICE","options":[{"id":"A","text":{"fr":"","en":"No disclosure until the court rules on whether the claim is admissible.","es":""},"correct":false,"feedback":{"fr":"","en":"Disclosure is due if it is material.","es":""}},{"id":"B","text":{"fr":"","en":"A provision at 31 December for the amount claimed by the residents, as a precaution.","es":""},"correct":false,"feedback":{"fr":"","en":"No obligation existed at the reporting date.","es":""}},{"id":"C","text":{"fr":"","en":"A contingent liability disclosed at 31 December as if it existed at the reporting date.","es":""},"correct":false,"feedback":{"fr":"","en":"The condition did not exist at the reporting date.","es":""}},{"id":"D","text":{"fr":"","en":"No provision; describe the claim and estimate its effect or state that an estimate cannot be made.","es":""},"correct":true}]},"scope":"CORE_STUDENT"}],"reviewTitles":{"LX.IAS10.000001":"IAS 10 objective and scope: what happens after the reporting date — The objective of the standard","LX.IAS10.000002":"IAS 10 objective and scope: what happens after the reporting date — The objective of the standard","LX.IAS10.000003":"IAS 10 objective and scope: what happens after the reporting date — The scope","LX.IAS10.000004":"IAS 10 objective and scope: what happens after the reporting date — Method: the standard's path","LX.IAS10.000005":"IAS 10 objective and scope: what happens after the reporting date — Judgement: organising the post-closing watch","LX.IAS10.000006":"The window of subsequent events: adjusting or not — Definition and two categories","LX.IAS10.000007":"The window of subsequent events: 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Definition and two categories","QST.IAS10.000016":"The window of subsequent events: adjusting or not — Definition and two categories","QST.IAS10.000017":"The window of subsequent events: adjusting or not — Definition and two categories","QST.IAS10.000018":"The window of subsequent events: adjusting or not — Definition and two categories","QST.IAS10.000019":"The window of subsequent events: adjusting or not — Definition and two categories","QST.IAS10.000020":"The window of subsequent events: adjusting or not — Definition and two categories","QST.IAS10.000021":"The window of subsequent events: adjusting or not — Definition and two categories","QST.IAS10.000022":"The window of subsequent events: adjusting or not — Definition and two categories","QST.IAS10.000023":"The window of subsequent events: adjusting or not — Definition and two categories","QST.IAS10.000024":"The date of authorisation for issue — A process specific to each entity","QST.IAS10.000025":"The date of authorisation for issue — A process specific to each entity","QST.IAS10.000026":"The date of authorisation for issue — A process specific to each entity","QST.IAS10.000027":"The date of authorisation for issue — A process specific to each entity","QST.IAS10.000028":"The date of authorisation for issue — A process specific to each entity","QST.IAS10.000029":"The date of authorisation for issue — A process specific to each entity","QST.IAS10.000030":"The date of authorisation for issue — A process specific to each entity","QST.IAS10.000031":"The date of authorisation for issue — A process specific to each entity","QST.IAS10.000032":"The date of authorisation for issue — A process specific to each entity","QST.IAS10.000033":"The date of authorisation for issue — A process specific to each entity","QST.IAS10.000034":"The date of authorisation for issue — A process specific to each entity","QST.IAS10.000035":"The date of authorisation for issue — A process specific to each entity","QST.IAS10.000036":"The date of authorisation for issue — A process specific to each entity","QST.IAS10.000037":"The date of authorisation for issue — A process specific to each entity","QST.IAS10.000040":"Adjusting events — The rule: adjust the amounts","QST.IAS10.000041":"Adjusting events — The rule: adjust the amounts","QST.IAS10.000042":"Adjusting events — The rule: adjust the amounts","QST.IAS10.000043":"Adjusting events — The rule: adjust the amounts","QST.IAS10.000044":"Adjusting events — The rule: adjust the amounts","QST.IAS10.000045":"Adjusting events — The rule: adjust the amounts","QST.IAS10.000046":"Adjusting events — The rule: adjust the amounts","QST.IAS10.000047":"Adjusting events — The rule: adjust the amounts","QST.IAS10.000048":"Adjusting events — The rule: adjust the amounts","QST.IAS10.000049":"Adjusting events — The rule: adjust the amounts","QST.IAS10.000050":"Adjusting events — The rule: adjust the amounts","QST.IAS10.000051":"Adjusting events — The rule: adjust the amounts","QST.IAS10.000052":"Adjusting events — The rule: adjust the amounts","QST.IAS10.000053":"Adjusting events — The rule: adjust the amounts","QST.IAS10.000054":"Adjusting events — The rule: adjust the amounts","QST.IAS10.000055":"Adjusting events — The rule: adjust the amounts","QST.IAS10.000056":"Adjusting events — The rule: adjust the amounts","QST.IAS10.000057":"Adjusting events — The rule: adjust the amounts","QST.IAS10.000058":"Adjusting events — The rule: adjust the amounts","QST.IAS10.000065":"Adjusting events — The rule: adjust the amounts","QST.IAS10.000066":"Adjusting events — The rule: adjust the amounts","QST.IAS10.000067":"Adjusting events — The rule: adjust the amounts","QST.IAS10.000068":"Adjusting events — The rule: adjust the amounts","QST.IAS10.000070":"Non-adjusting events — The rule: do not adjust","QST.IAS10.000071":"Non-adjusting events — The rule: do not adjust","QST.IAS10.000072":"Non-adjusting events — The rule: do not adjust","QST.IAS10.000073":"Non-adjusting events — The rule: do not adjust","QST.IAS10.000074":"Non-adjusting events — The rule: do not adjust","QST.IAS10.000075":"Non-adjusting events — The rule: do not adjust","QST.IAS10.000076":"Non-adjusting events — The rule: do not adjust","QST.IAS10.000077":"Non-adjusting events — The rule: do not adjust","QST.IAS10.000078":"Non-adjusting events — The rule: do not adjust","QST.IAS10.000079":"Non-adjusting events — The rule: do not adjust","QST.IAS10.000080":"Non-adjusting events — The rule: do not adjust","QST.IAS10.000081":"Non-adjusting events — The rule: do not adjust","QST.IAS10.000082":"Non-adjusting events — The rule: do not adjust","QST.IAS10.000083":"Non-adjusting events — The rule: do not adjust","QST.IAS10.000084":"Non-adjusting events — The rule: do not adjust","QST.IAS10.000085":"Non-adjusting events — The rule: do not adjust","QST.IAS10.000086":"Non-adjusting events — The rule: do not adjust","QST.IAS10.000087":"Non-adjusting events — The rule: do not adjust","QST.IAS10.000088":"Non-adjusting events — The rule: do not adjust","QST.IAS10.000089":"Non-adjusting events — The rule: do not adjust","QST.IAS10.000092":"Dividends declared after the reporting period — The rule: no liability at the reporting date, a note disclosure","QST.IAS10.000093":"Dividends declared after the reporting period — The rule: no liability at the reporting date, a note disclosure","QST.IAS10.000094":"Dividends declared after the reporting period — The rule: no liability at the reporting date, a note disclosure","QST.IAS10.000095":"Dividends declared after the reporting period — The rule: no liability at the reporting date, a note disclosure","QST.IAS10.000096":"Dividends declared after the reporting period — The rule: no liability at the reporting date, a note disclosure","QST.IAS10.000097":"Dividends declared after the reporting period — The rule: no liability at the reporting date, a note disclosure","QST.IAS10.000098":"Dividends declared after the reporting period — The rule: no liability at the reporting date, a note disclosure","QST.IAS10.000099":"Dividends declared after the reporting period — The rule: no liability at the reporting date, a note disclosure","QST.IAS10.000100":"Dividends declared after the reporting period — The rule: no liability at the reporting date, a note disclosure","QST.IAS10.000103":"Going concern after the reporting period — The rule: no going concern if liquidation or cessation","QST.IAS10.000104":"Going concern after the reporting period — The rule: no going concern if liquidation or cessation","QST.IAS10.000105":"Going concern after the reporting period — The rule: no going concern if liquidation or cessation","QST.IAS10.000106":"Going concern after the reporting period — The rule: no going concern if liquidation or cessation","QST.IAS10.000107":"Going concern after the reporting period — The rule: no going concern if liquidation or cessation","QST.IAS10.000108":"Going concern after the reporting period — The rule: no going concern if liquidation or cessation","QST.IAS10.000109":"Going concern after the reporting period — The rule: no going concern if liquidation or cessation","QST.IAS10.000110":"Going concern after the reporting period — The rule: no going concern if liquidation or cessation","QST.IAS10.000111":"Going concern after the reporting period — The rule: no going concern if liquidation or cessation","QST.IAS10.000112":"Going concern after the reporting period — The rule: no going concern if liquidation or cessation","QST.IAS10.000113":"Going concern after the reporting period — The rule: no going concern if liquidation or cessation","QST.IAS10.000114":"Going concern after the reporting period — The rule: no going concern if liquidation or cessation","QST.IAS10.000115":"Going concern after the reporting period — The rule: no going concern if liquidation or cessation","QST.IAS10.000116":"Going concern after the reporting period — The rule: no going concern if liquidation or cessation","QST.IAS10.000117":"Going concern after the reporting period — The rule: no going concern if liquidation or cessation","QST.IAS10.000118":"Going concern after the reporting period — The rule: no going concern if liquidation or cessation","QST.IAS10.000122":"Disclosures: date of authorisation, updates, non-adjusting events — Date and author of authorisation","QST.IAS10.000123":"Disclosures: date of authorisation, updates, non-adjusting events — Date and author of authorisation","QST.IAS10.000124":"Disclosures: date of authorisation, updates, non-adjusting events — Date and author of authorisation","QST.IAS10.000125":"Disclosures: date of authorisation, updates, non-adjusting events — Date and author of authorisation","QST.IAS10.000126":"Disclosures: date of authorisation, updates, non-adjusting events — Date and author of authorisation","QST.IAS10.000127":"Disclosures: date of authorisation, updates, non-adjusting events — Date and author of authorisation","QST.IAS10.000128":"Disclosures: date of authorisation, updates, non-adjusting events — Date and author of authorisation","QST.IAS10.000129":"Disclosures: date of authorisation, updates, non-adjusting events — Date and author of authorisation","QST.IAS10.000130":"Disclosures: date of authorisation, updates, non-adjusting events — Date and author of authorisation","QST.IAS10.000131":"Disclosures: date of authorisation, updates, non-adjusting events — Updating disclosures about year-end conditions","QST.IAS10.000132":"Disclosures: date of authorisation, updates, non-adjusting events — Updating disclosures about year-end conditions","QST.IAS10.000133":"Disclosures: date of authorisation, updates, non-adjusting events — Updating disclosures about year-end conditions","QST.IAS10.000134":"Disclosures: date of authorisation, updates, non-adjusting events — Updating disclosures about year-end conditions","QST.IAS10.000135":"Disclosures: date of authorisation, updates, non-adjusting events — Updating disclosures about year-end conditions","QST.IAS10.000136":"Disclosures: date of authorisation, updates, non-adjusting events — Updating disclosures about year-end conditions","QST.IAS10.000137":"Disclosures: date of authorisation, updates, non-adjusting events — Updating disclosures about year-end conditions","QST.IAS10.000138":"Disclosures: date of authorisation, updates, non-adjusting events — Updating disclosures about year-end conditions","QST.IAS10.000139":"Disclosures: date of authorisation, updates, non-adjusting events — Updating disclosures about year-end conditions","QST.IAS10.000140":"Disclosures: date of authorisation, updates, non-adjusting events — Updating disclosures about year-end conditions","QST.IAS10.000141":"Disclosures: date of authorisation, updates, non-adjusting events — Updating disclosures about year-end conditions","QST.IAS10.000142":"Disclosures: date of authorisation, updates, non-adjusting events — Material non-adjusting events","QST.IAS10.000143":"Disclosures: date of authorisation, updates, non-adjusting events — Material non-adjusting events","QST.IAS10.000144":"Disclosures: date of authorisation, updates, non-adjusting events — Material non-adjusting events","QST.IAS10.000145":"Disclosures: date of authorisation, updates, non-adjusting events — Material non-adjusting events","QST.IAS10.000146":"Disclosures: date of authorisation, updates, non-adjusting events — Material non-adjusting events","QST.IAS10.000147":"Disclosures: date of authorisation, updates, non-adjusting events — Material non-adjusting events","QST.IAS10.000148":"Disclosures: date of authorisation, updates, non-adjusting events — Material non-adjusting events","QST.IAS10.000149":"Disclosures: date of authorisation, updates, non-adjusting events — Material non-adjusting events","QST.IAS10.000150":"Disclosures: date of authorisation, updates, non-adjusting events — Material non-adjusting events","QST.IAS10.000151":"Disclosures: date of authorisation, updates, non-adjusting events — Material non-adjusting events","QST.IAS10.000152":"Disclosures: date of authorisation, updates, non-adjusting events — Material non-adjusting events","QST.IAS10.000153":"Disclosures: date of authorisation, updates, non-adjusting events — Material non-adjusting events","QST.IAS10.000154":"Disclosures: date of authorisation, updates, non-adjusting events — Material non-adjusting events","QST.IAS10.000155":"Disclosures: date of authorisation, updates, non-adjusting events — Material non-adjusting events","QST.IAS10.000156":"Disclosures: date of authorisation, updates, non-adjusting events — Material non-adjusting events","QST.IAS10.000157":"Disclosures: date of authorisation, updates, non-adjusting events — Material non-adjusting events","QST.IAS10.000158":"Disclosures: date of authorisation, updates, non-adjusting events — Material non-adjusting events"}}