IAS 10

a/c period end on 31 dec,2008.....statements got finalized on 31 march 2009 1. there is inventory valued at 5000 at 31 dec,2008 an event happened on 1 feb,2009, the goods got damaged a bit and its NRV is 3000 now will it be adjustment event or non-adjustment. I think its non-adjustment cause till 31 Dec goods were not damaged 2. what if value of land fell after reporting date, is it non-adjustment event 3. goods send to customer on sale or return basis on 31 dec,2008 we got confirmation of sales on 5th jan,2009, so the sales will be recorded for 2008 yr period in which case it will be adjusting entry or for 2009 period in which it will be non-adjustment entry 4. customer owing us money died on 1 Feb 2009 before financial statement got finalized, in this case is it non-adjustment or adjustment event.