Are the aquisition of a new administrative headquarters property, the complete destruction of a major production unit by a fire, equity dividend approved and paid and the sale of goods indicating that the net realisable value of inventory at the year end was below cost all of them likely to be classed as an adjusting event according to IAS 10 events after the reporting period?
Ask the Tutor ACCA FA
IAS 10
5y ago#1No. Only the dividend and the valuation of the inventory are adjusting events.
Have you watched my free lectures on IAS10? The lectures are a complete free course for Paper FA and cover everything needed to be able to pass the exam well.
Sign into reply to this topic.