Topic 21

Question 1

Events after the reporting period

Answer 1

events that occur between the end of the reporting period and when the financial statements are authorised for issue

Question 2

adjusting events

Answer 2

conditions that existed at the end of the reporting period

Question 3

non-adjusting events

Answer 3

conditions that arose after the end of the reporting period

Question 4

going concern

Answer 4

the enterprise will still be operation after the reporting period