CERTYNEX IFRS ACADEMY

Between the reporting date and authorisation, which fact reveals a condition arising after the reporting date, without changing the amounts recognised?

The January settlement of a dispute arising from an accident during the year just ended.

The discovery in February of a fraud that inflated revenue for the year just ended.

The January sale, below cost, of inventories already obsolete at 31 December.

A flood damaging a warehouse in January.