CERTYNEX IFRS ACADEMY

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?

In all cases, since the bonus relates to the results of the year just ended.

If the bonus exceeds that of the previous year.

If the bonus is paid before the accounts are authorised, whatever the basis of the obligation.

If the entity had, at the reporting date, a present legal or constructive obligation to pay the bonus.