Login or Register Home News Publications Navigation Meetings Standards Projects Jurisdictions Standards Search site... Resources IAS 10 — Events After the Reporting Period Global (English) Quick links Deloitte e-learning on IAS 10 Effective dates International Financial Reporting Standards IAS 10 — Items not added to the agenda Quick Article Links International Accounting Standards IFRIC Interpre‐ tations Overview Related news IAS 10 Events After The Reporting Period contains requirements for when events after the end of the reporting period should be adjusted in the financial statements. Adjust‐ ing events are those providing evidence of conditions existing at the end of the reporting period, whereas non-adjusting events are indicative of conditions arising after the reporting period (the latter being disclosed where material). We comment on two IFRS Interpretations Committee ten‐ tative agenda decisions 14 Apr 2021 SIC Interpreta‐ tions IAS 10 was reissued in December 2003 and applies to annual periods beginning on or after 1 January 2005. ESMA issues statement disclo‐ sures related to sovereign debt 29 Jul 2011 Other pro‐ nouncements History of IAS 10 IASB issues improvements to 20 IFRSs 22 May 2008 Navigation International Accounting Stan‐ dards IAS 1 — Pre‐ sentation of Financial Statements July 1977 Exposure Draft E10 Contingencies and Events Occurring After the Balance Sheet Date IASB publishes 13 revised IAS 19 Dec 2003 October 1978 IAS 10 Contingencies and Events Occurring After the Bal‐ ance Sheet Date effective 1 January 1980 1994 IAS 10 (1978) was reformatted IASB publishes 'Improvements' exposure draft 15 May 2002 August 1997 Exposure Draft E59 Provisions, Contingent Liabilities and Contingent Assets IAS 2 — Inven‐ tories September 1998 IAS 7 — State‐ ment of Cash Flows IAS 37 Provisions, Contingent Liabilities and Contingent Assets 1 July 1999 Effective date of IAS 37, which superseded those portions of IAS 10 (1978) dealing with contingencies IAS 8 — Accounting Policies, Changes in Accounting Estimates and Errors November 1998 Exposure Draft E63 Events After the Balance Sheet Date May 1999 IAS 10 (1999) Events After the Balance Sheet Date super‐ seded those portions of IAS 10 (1978) dealing with events after the balance sheet date 1 January 2000 IAS 10 — Events After the Reporting Period 18 December 2003 1 January 2005 6 September 2007 IAS 11 — Con‐ struction Con‐ tracts Effective date of IAS 10 (1999) Revised version of IAS 10 issued by the IASB Effective date of IAS 10 (Revised 2003) Retitled Events after the Reporting Period as a consequen‐ tial amendment resulting from revisions to IAS 1 All Related Related Publications Deloitte comment let‐ ter on tentative agenda decision on prepara‐ tion of financial state‐ ments when an entity is no long a concern 14 Apr 2021 Accounting considera‐ tions related to COVID19 — Events after the reporting period 20 Apr 2020 Deloitte e-learning — IAS 10 23 Jun 2010 IAS Plus newsletter — Improvements to IFRSs 2008 26 May 2008 IAS 12 — Income Taxes Related Interpretations None IAS 14 — Seg‐ ment Reporting (Superseded) Summary of IAS 10 Key definitions Event after the reporting period: An event, which could be favourable or un‐ favourable, that occurs between the end of the reporting period and the date that the financial statements are authorised for issue. [IAS 10.3] IAS 15 — Infor‐ mation Reflect‐ ing the Effects of Changing Prices (With‐ drawn) Adjusting event: An event after the reporting period that provides further evidence of conditions that existed at the end of the reporting period, including an event that indi‐ cates that the going concern assumption in relation to the whole or part of the enter‐ prise is not appropriate. [IAS 10.3] IAS 16 — Property, Plant and Equipment Related Projects All Related Annual improvements — 20062008 cycle IAS 27 — Non-cash distributions Improvements to existing International Accounting Stan‐ dards (2001-2003) All Related Non-adjusting event: An event after the reporting period that is indicative of a condi‐ tion that arose after the end of the reporting period. [IAS 10.3] IAS 17 — Leases Accounting Adjust financial statements for adjusting events - events after the balance sheet date that provide further evidence of conditions that existed at the end of the reporting period, including events that indicate that the going concern assump‐ tion in relation to the whole or part of the enterprise is not appropriate. [IAS 10.8] IAS 18 — Rev‐ enue IAS 19 — Employee Ben‐ efits (2011) Do not adjust for non-adjusting events - events or conditions that arose after the end of the reporting period. [IAS 10.10] IAS 19 — Employee Ben‐ efits (1998) (su‐ perseded) If an entity declares dividends after the reporting period, the entity shall not recognise those dividends as a liability at the end of the reporting period. That is a non-adjusting event. [IAS 10.12] IAS 20 — Accounting for Government Grants and Disclosure of Government Assistance Going concern issues arising after end of the reporting period An entity shall not prepare its financial statements on a going concern basis if man‐ agement determines after the end of the reporting period either that it intends to liqui‐ date the entity or to cease trading, or that it has no realistic alternative but to do so. [IAS 10.14] Disclosure IAS 21 — The Effects of Changes in Foreign Exchange Rates Non-adjusting events should be disclosed if they are of such importance that nondisclosure would affect the ability of users to make proper evaluations and decisions. The required disclosure is (a) the nature of the event and (b) an estimate of its financial effect or a statement that a reasonable estimate of the effect cannot be made. [IAS 10.21] IAS 22 — Busi‐ ness Combina‐ tions (Superseded) A company should update disclosures that relate to conditions that existed at the end of the reporting period to reflect any new information that it receives after the report‐ ing period about those conditions. [IAS 10.19] Companies must disclose the date when the financial statements were authorised for issue and who gave that authorisation. If the enterprise's owners or others have the power to amend the financial statements after issuance, the enterprise must disclose that fact. [IAS 10.17] IAS 23 — Bor‐ rowing Costs IAS 24 — Related Party Disclosures IAS 26 — Accounting and Reporting by Retirement Benefit Plans IAS 27 — Sep‐ arate Financial Statements (2011) IAS 27 — Con‐ solidated and Separate Financial Statements (2008) IAS 28 — Investments in Associates and Joint Ventures (2011) IAS 28 — Investments in Associates (2003) IAS 29 — Financial Reporting in Hyperinflation‐ ary Economies IAS 30 — Dis‐ closures in the Financial Statements of Banks and Similar Finan‐ cial Institutions IAS 31 — Inter‐ ests In Joint Ventures IAS 32 — Financial Instruments: Presentation IAS 33 — Earnings Per Share IAS 34 — Interim Finan‐ cial Reporting IAS 35 — Dis‐ continuing Operations (Superseded) IAS 36 — Impairment of Assets IAS 37 — Pro‐ visions, Con‐ tingent Liabilities and Contingent Assets IAS 38 — Intangible Assets IAS 39 — Financial Instruments: Recognition and Measure‐ ment IAS 40 — Investment Property IAS 41 — Agri‐ culture Contact us About Legal Privacy Cookies FAQs © 2023. 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