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International Accounting Standards (IAS)
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| U.S. GAAP | IFRS, IAS | Accounting Topics |
International Accounting Standard (IAS) 10
Events after the Reporting Period
International Financial
Reporting Standards (IFRS) |
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International Accounting
Standards (IAS) |
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U.S. GAAP by Topic |
| International Accounting Standard (IAS) 10 |
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IAS 10 Events after the Reporting
Period IAS 10 first issued in June 1978 IAS 10 revised in December 2003 Recent amendment: by IAS 1 revised in September
2007 |
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Adjusting events after the reporting period --> adjust the financial statement amounts (1) settlement confirming the obligation at the end of reporting period (2) information that an asset was impaired at the end of reporting period (3) assets purchased before the end of reporting period --> cost determined after the reporting period (4) detection of fraud or errors --> that caused incorrect amounts in the financial statements |
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Non-adjusting events after the reporting period --> do not adjust the financial statement amounts (1) market value of investments --> declined after the reporting period (2) dividends --> declared after the reporting period |
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IAS
10 Technical Notes |
