• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

Events after reporting period

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Events after reporting period

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by John Moffat.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • January 30, 2018 at 9:45 am #433960
    miracle657
    Participant
    • Topics: 65
    • Replies: 26
    • ☆☆

    Which of the following statements about limited liability companies’ accounting is/are correct?
    1 A revaluation surplus arises when a non-current asset is sold at a profit.
    2 The authorised share capital of a company is the maximum nominal value of shares and loan notes the company may issue.
    3 IAS 10 Events after the reporting period requires all non-adjusting events to be disclosed in the notes to the financial statements.
    In this question 3 is corret answer.I didn’t understand why it is correct..
    Could you explain why we disclose all non-adjusting events not just material? I mean if it’s non-material event we have to disclose it in notes?
    Thanks in advance

    January 30, 2018 at 3:42 pm #434006
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54699
    • ☆☆☆☆☆

    It is a bit of an unfair play with words 🙂

    We only disclose non-adjusting events if they are material.

    If they are not material then we do not refer to them as ‘non-adjusting events’ – we don’t refer to them because we don’t bother about them 🙂
    So, by definition, ‘non-adjusting events’ are material 🙂

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • mrjonbain on ACCA BT Chapter 6 – Some legal obligations – Questions
  • Ken Garrett on ACCA BT Chapter 6 – Some legal obligations – Questions
  • Ken Garrett on The nature and structure of organisations – ACCA Paper BT
  • OmarAlbeity on ACCA BT Chapter 6 – Some legal obligations – Questions
  • Salimbek909 on The nature and structure of organisations – ACCA Paper BT

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in