This episode dives deeper into the two key types of post-reporting period events – adjusting and non-adjusting events. We explore their differences, practical examples, and how companies should handle each type in financial statements.

✔ What are adjusting events? – When financial statements need modification.

✔ What are non-adjusting events? – When only disclosure is required.

✔ Real-world examples of both types of events.

✔ How adjusting and non-adjusting events impact financial reporting.

✔ Best practices for identifying and disclosing post-reporting period events.

🔍 Resources & Links:

• Guide on Identifying Adjusting vs. Non-Adjusting Events
• IFRS Compliance Guidelines for IAS 10

In this episode, we introduce IAS 10 – Events After the Reporting Period, a crucial standard that guides how companies should account for significant financial events that occur between the reporting date and the date when financial statements are authorized for issue. We break down the importance of post-reporting period events, their classification, and their impact on financial statements.

✔ What is IAS 10, and why is it important?

✔ The purpose of reporting events after the reporting period.

✔ How IAS 10 ensures transparency and reliability in financial statements.

✔ Common examples of post-reporting period events.

✔ The role of accountants and auditors in identifying such events.

🔍 Resources & Links:

• IAS 10 Overview – IFRS Foundation
• Guide to Financial Statement Adjustments