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Ias 10

Forums › ACCA Forums › ACCA FA Financial Accounting Forums › Ias 10

  • This topic has 0 replies, 1 voice, and was last updated 9 years ago by ammardar.
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  • January 16, 2016 at 11:55 am #294697
    ammardar
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    • Topics: 16
    • Replies: 51
    • ☆☆

    Sir, Hope you will be in good health. I had watched ur lecture on Ias 10 and i had a question abt it.
    Now you always tell that in order to decide whether an event is adjusting or non adjusting one, we must ask ourself

    ” what would we do if we knew about this event at Reporting date, that this event is going to take place in near future, do we change our accounts or not at year end for this event”

    Now i have a question that we have made a Provision in our account with reapect to legal matter and court gives its decision after reporting date, now accounting to this rule how can we solve it ?

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