IAS 10 – Fire and flood at / before reporting date

This topic has 1 reply, 2 voices, and was last updated 8 years ago by P2-D2.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
January 23, 2018 at 9:54 am #432382
zeronova
Member
- Topics: 6
- Replies: 3
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?
January 29, 2018 at 10:26 pm #433903
P2-D2
Keymaster
- Topics: 4
- Replies: 7235
Hi,

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

Thanks
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.