IAS 10 - Fire and flood at / before reporting date

CYChun Yee8y ago

Regarding IAS 10 Events after the reporting date, if a building is damaged by fire or flood AT reporting date, is this an adjusting event? I was watching the video on OpenTuition website on IAS 10, at the last bit of example 1, sub question 4, it states that it is an non-adjusting event although the fire occurred at SFP date?

P2-D2Tutor8y ago#1

Hi, If the fire/flood takes place after the reporting date then it is a non-adjusting event. Thanks

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