• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

Redundancies

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Redundancies

  • This topic has 3 replies, 2 voices, and was last updated 10 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • April 18, 2015 at 8:06 pm #241756
    shaina
    Member
    • Topics: 14
    • Replies: 12
    • ☆

    Hi Mike,

    I have a question in regards to redundancies.

    If a company closes one its warehouses during the year (before their year end). They recorded a material loss on disposal. They have presented the costs of the closure within profit from discontinued operations.

    The staff at the warehouse were relocated but before the year end the directors decided that redundancies would need to be made and that the value of this would be material. The redundancies will be announced after the year end.

    As this is after the year end would this be a non adjusting even and would therefore need to be disclosed as it is material.

    Is there anything else that would need to be done in this years financial statements?

    Thank you

    April 18, 2015 at 8:10 pm #241759
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    Did they make the ANNOUNCEMENT of redundancies before the year end? No? Then the situation or condition did not exist as at the year end so it’s a non-adjusting subsequent event

    Nothing else needs to be done – so long as full and transparent disclosure is made of the non-adjusting event

    April 18, 2015 at 8:52 pm #241764
    shaina
    Member
    • Topics: 14
    • Replies: 12
    • ☆

    Awesome thank you

    April 18, 2015 at 9:51 pm #241766
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    You’re welcome

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • osman-the-zephyr@ on MA Chapter 1 Questions Accounting for Management
  • adebusola on MA Chapter 1 Questions Accounting for Management
  • Sharith on Interest rate risk management (1) Part 5 – ACCA (AFM) lectures
  • Sharith on Interest rate risk management (1) Part 5 – ACCA (AFM) lectures
  • John Moffat on Discounted Cash Flow Further Aspects, Replacement – ACCA Financial Management (FM)

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in