TAILIEUCHUNG - Lecture IFRS primer international GAAP basics: Chapter 22 - Wiecek, Young

Chapter 22 - Events after the reporting period: IAS 10. The main contents of the chapter consist of mains parts: Related standards, IAS 10, current GAAP comparisons, IFRS financial statement disclosures, looking ahead, end-of-chapter practice. | Events After the Reporting Period: IAS 10 Wiecek and Young IFRS Primer Chapter 22 Events After the Reporting Period Related standards IAS 10 Current GAAP comparisons IFRS financial statement disclosures Looking ahead End-of-chapter practice Related Standards SAS 1 Codification of Auditing Standards and Procedures SEC staff pronouncements Related Standards IFRS 5 Non-current Assets Held for Sale and Discontinued Operations IAS 36 Impairment of Assets IAS 37 Provisions, Contingent Liabilities and Contingent Assets IAS 10 – Overview Objective and scope Recognition and measurement Disclosure IAS 10 – Objective and Scope This standard assists in the determination of when to recognize transactions that occur after the reporting period Furthermore, it dictates when additional disclosures should be made regarding these events Events after the reporting period are defined as follows: . . . those events, favorable and unfavorable, that occur between the end of the reporting period and the date when the financial statements are authorized for issue IAS 10 – Objective and Scope Two types of events can be identified: (a) those that provide evidence of conditions that existed at the end of the reporting period (adjusting events after the reporting period) and (b) those that are indicative of conditions that arose after the reporting period (non-adjusting events after the reporting period) Thus, transactions that occur after year end are divided into two types IAS 10 – Recognition and Measurement Adjusting events are recognized in the statements of financial position and profit or loss if they occur prior to the statements being authorized IAS 10 – Recognition and Measurement Determining when the statements are authorized is a matter of judgment but depends on: the structure of management statutory requirements, and an entity’s governance and procedures For example: if the board of directors must formally approve the financial statements before .

• Kế toán - Kiểm toán
• International Financial Reporting Standards
• Non financial assets
• Reporting basics
• Financial assets
• Reporting entity
• Financial accounting
• Financial reporting
• Financial reporting standards
• Merchandising operations
• Internal control
• Financial statements
• Stockholders’ equity
• Financial statement analysis
• International financial reporting
• Conceptual framework
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• Globalization trend
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• Employee benefits
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• Including construction contracts
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• Wiley IFRS 2013
• International Financial Reporting Standard
• Tiêu chuẩn báo cáo tài chính quốc tế
• Accounting policies
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• Summary of dissertation
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• Vietnamese enterprises
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