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IAS 10

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › IAS 10

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by John Moffat.
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  • March 8, 2021 at 3:12 pm #613965
    lewisrob
    Member
    • Topics: 8
    • Replies: 0
    • ☆

    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?

    March 9, 2021 at 7:42 am #614014
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54700
    • ☆☆☆☆☆

    No. 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.

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