Question 21.9 — OpenTuition Forums

AArahn5y ago

Hi John Thanks for answering my questions as ever. You have helped me so much in my revision and i am nearing the end. I was caught out on this question. As it says IAS 10 events after the reporting period requires all non-adjusting events to be disclosed in the notes to the financial statements , thought it was incorrect. I know that non-adjusting entries are disclosed only when it is material. I chose D but the answer is C

John MoffatTutor5y ago#1

It is a bit of a trick question. It is only called an adjusting or non-adjusting event if it is material.

AArahn5y ago#2

Thanks John for that.

John MoffatTutor5y ago#3

You are welcome :-)

This topic is locked — no new replies.