Free ACCA & CIMA online courses from OpenTuition
Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams
Books for Sept'23 ACCA exams : Get your discount code >>
Post your questions & get instant answers
November 29, 2019 at 9:57 am
No sound in this video(
November 29, 2019 at 9:58 am
sorry, its ok
May 10, 2019 at 2:55 am
Thank you 🙂
November 11, 2016 at 5:53 pm
Sir, Does it mean that all non-adjusting events after being disclosed in F/S, need to be mentioned in the audit opinion as emphasis of matter paragraph
Kim Smith says
January 16, 2019 at 10:15 am
No – an eom only draws attention to something that is absolutely fundamental to the users’ understanding of the financial statements. Some non-adjusting events might justify an eom, but not necessarily.
September 1, 2016 at 12:15 pm
Is it possible that a non adjusting event is so important that may compromise the going concern? If that is the case the company would need to issue a FS on a break up basis and therefore that non adjusting event become an adjusting event..
In your example if that fire had destroyed all the inventory and most of the NCA the company may not be able to operate as a going concern and consequently that non adjusting event become an adjusting event despite occurring after year end. Is that correct?
Thanks a lot for your help
May 10, 2019 at 3:13 am
I think not because there was no evidence that inventory will be destroyed at the y/e. But as it’s going to effect the company it’s utterly important for the users to know the situation so we will disclose this in the emphasis of matter paragraph.
August 14, 2016 at 4:20 pm
July 17, 2016 at 11:03 am
i m having problems downloading the video
July 17, 2016 at 11:04 am
You can only watch lectures ONLINE! that’s the only way to keep this site free
June 1, 2015 at 3:55 pm
clear explanations! Thanks alot!
April 22, 2015 at 8:07 pm
You can’t! You can watch it as often as you want, but the videos are not downloadable – it’s the only way we can keep the site free
April 22, 2015 at 7:46 pm
How do I download this video?
You must be logged in to post a comment.