Module 22 - Events After Reporting Period Flashcards
1
Q
Adjusting events?
A
Court case settlement Bankruptcy of customer Cost of assets bought or sold before YE Discovery of fraud or error Valuation of inventories Investment in property at FV Held for sale assets
2
Q
Non adjusting events?
A
Business combinations Discontinued operations Purchase and sale of assets Losses by fire of flood Commencement of restructuring Major share teams Changes in tax or laws
If material disclose - date and who authorised
