Adjusting v/s non-adjusting events

This topic has 1 reply, 2 voices, and was last updated 4 years ago by Stephen Widberg.

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June 5, 2021 at 5:12 am #623218
Noah098
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Sir suppose a constructive obligation exists at the year end related to restructuring, And if redundancy costs ACTUAL total cash outflow becomes available after financial statements have been authorised for issue, then it is not an adjusting event right?
June 5, 2021 at 8:53 am #623231
Stephen Widberg
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If a constructive obligation exists at SFP date – recognise a provision in line with IAS 37. So, yes, the FS are adjusted.
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