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Dates

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Dates

  • This topic has 1 reply, 2 voices, and was last updated 6 years ago by Kim Smith.
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  • February 12, 2019 at 4:28 pm #504918
    alikhakar
    Participant
    • Topics: 186
    • Replies: 79
    • ☆☆☆

    What is the difference between the date when financial statements are authorised and when FS are issued ? What is authorise and what is issue ?
    Its silly but i cant get it :/

    February 12, 2019 at 5:37 pm #504934
    Kim Smith
    Keymaster
    • Topics: 137
    • Replies: 8389
    • ☆☆☆☆☆

    Authorised for issue – signed by the board as approved
    Issued – “laid before the members (shareholders) in general meeting” – i.e. presented at the Annual General Meeting. One of the resolutions on the meeting’s agenda will be something like “adoption of the annual accounts”.

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