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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Adjusting & Non-adjusting events
Adjusting Events – Those events that provide further evidence about conditions that existed at the end of reporting period.
Non-Adjusting Events – Those events that reflect conditions that arose after the end of reporting period.
I read this definition but I do not understand what does the term “conditions” mean by here? Please explain.
This is explained in my free lectures on IAS 10.
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