Hi sir,
I have trouble understanding the three events belong to " events occur after the reporting date of a company but before the financial statement are authorised for issue are classified as adjusting events in accordance with IAS 10 Events After the Reporting Period."
1 A change in tax rate announced after the reporting date, but affecting the current tax liability.
2 The discovery of a fraud which had occurred during the year.
3 The determination of the sale proceeds of an item of plant sold before the year end.
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IAS 10 Events After the Reporting Period
10y ago#11 fixes with greater certainty an amount or estimate as at the balance sheet date
2 again, the discovery relates to a condition or situation that DID exist as at the balance sheet date
3 once again, the determination of the price has fixed with greater certainty an amount or estimate as at the balance sheet date
Thanks.
Christmas is approaching, early to wish you Merry Christmas! Best Regard!
10y ago#3Thank you, and the same to you too :-)
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