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Hi sir regarding dividends.
Let’s say a company is intending to propose a final dividend once the financial statements are finalised.
This means that the dividends will only be announced/declared after the year end therefore no obligation exists at the year end , hence its a non-adjusting event and should only be disclosed.
Am i right sir ?
Your are correct:
IAS1 states:
…the following must be disclosed in the notes:
the amount of dividends proposed or declared before the financial statements were authorised for issue but which were not recognised as a distribution to owners during the period, and the related amount per share
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