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Workpaper template

WorkpaperIAS 10 — Events after the Reporting PeriodL1 · L2 · L3

IAS 10 disclosure checklist

3 missions9 sections to document30 min
Prepared by
AI-assisted draft
Reviewed by
Not reviewed — human review required
Status
Published

Objective of the workpaper

Check in the draft notes the date and author of the authorisation for issue, the update of disclosures about conditions existing at the reporting date, the material non-adjusting events (nature and estimate of the effect) and the dividends declared after the reporting period; compute the amounts to disclose and record the findings.

9 sections · 20 blocks · 2 calculations · 0 entries

  • IAS 10 §12
  • IAS 10 §13
  • IAS 10 §17
  • IAS 10 §18
  • IAS 10 §19
  • IAS 10 §20
  • IAS 10 §21
  • IAS 10 §22

Work this workpaper as a mission

Each case that uses this template opens in the mission workspace: data, analysis, calculation, entries, conclusion and review, with your progress saved.

3 instances from the cases: the calculations and entries below are run by the calculation engine.

File and entity
Dividends declared after the reporting period, supervisory board and authorisation date
Case tasks documented here
  • What is the date of authorisation for issue and who gave it?
  • Compute the amount of the dividend declared.
  • Correct the draft note (D3).
1

Inputs

Inputs

  • Draft notes reviewed

    TextRequired

    DRAFT_NOTE_D3

  • Authorisation date and body that gave it

    TextRequired

    MANAGEMENT_BOARD_18_MARCH_20X6

  • Non-adjusting events identified

    TextRequired

    DIVIDEND_DECLARED_10_MARCH_20X6

  • Distribution base set by the decision

    Number

    2,400,000

  • Payout ratio (%)

    Number

    40 %

    Case data: base and payout ratio are set by the decision of the corporate bodies.

  • Carrying amount lost (non-adjusting event)

    Number

  • Compensation or recovery expected

    Number

2

Supporting evidence

Evidence

  • Evidence obtained and referenced (category, document reference)

    EvidenceRequired

3

Amounts to disclose

Calculations

IAS 10 §13IAS 10 §21

  • Amount of dividends declared

    Calculation

    960,000

    Distribution base set by the decision ; Payout ratio (%)

  • Estimate of the financial effect of the event

    Calculation

    0

    Carrying amount lost (non-adjusting event) ; − Compensation or recovery expected

4

Authorisation for issue

Disclosure

IAS 10 §17IAS 10 §18

  • Points reviewed

    ChecklistRequired

    • Date of authorisation for issue disclosed
    • Body or persons who gave the authorisation
    • Power to amend the statements after issue, where applicable
5

Events after the reporting period and updates

Disclosure

IAS 10 §19IAS 10 §20IAS 10 §21IAS 10 §22

  • Points reviewed

    ChecklistRequired

    • Nature of each material non-adjusting event
    • Estimate of the financial effect
    • Statement if the estimate cannot be made
    • Typical examples reviewed
    • Disclosures about conditions existing at the reporting date updated
6

Dividends

Disclosure

IAS 10 §12IAS 10 §13

  • Points reviewed

    ChecklistRequired

    • No liability at the reporting date for dividends declared afterwards
    • Dividends declared before authorisation: disclosed in the notes

    Para. 13 refers to IAS 1 for this disclosure. Wording before IFRS 18: the reference to IAS 1 may be amended for periods beginning on or after 1 January 2027 (new wording not taught).

7

Judgements

Judgment

IAS 10 §19IAS 10 §21

  • Events to disclose

    JudgmentRequired

    Material: to disclose

    Material: to disclose / Not material

  • Rationale: facts relied on, analysis, alternative rejected

    TextRequired

    DIVIDEND_DECLARED_BEFORE_AUTHORISATION_IN_NOTES

  • Update required?

    JudgmentRequired

    No

    Yes / No

  • Rationale: facts relied on, analysis, alternative rejected

    TextRequired

    NO_NEW_INFORMATION_ON_EXISTING_CONDITIONS

8

Conclusion

Conclusion

  • Findings and corrections requested

    TextRequired

    WRONG_AUTHORISATION_BODY_AND_DIVIDEND_LIABILITY

  • Completed checklist and conclusion

    ConclusionRequired

9

Normative references

References

  • Normative references

    References

10

Checks and financial statement impact

  • Materiality assessedPass
  • Update reviewedPass
Assets
0
Liabilities
0
Profit or loss
0
OCI
0
Equity
0