IAS 10 - Events After Reporting Date
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A review of the key concepts and principles of International Accounting Standard 10 (IAS 10) on Events After Reporting Period.
The course includes theoretical principle lectures including a detailed discussion to teach the difference between adjusting and non-adjusting events after the reporting period. These principles are then illustrated practically in class examples that focus the practical application of the theory in an interactive manner.
You will need to download the lecture slides and work through the lecture videos and the class examples.
The course is structured to assist three categories of delegates who require knowledge of International Financial Reporting Standards (IFRS):
The Tabaldi approach is practical and our lecturers focus on making the sometimes complex principles of financial reporting simple and practical.
You will need to engage with the lecturer with pen in one hand and calculator in the other, mental application and a proactive approach will ensure that you master this topic under financial reporting and accounting.
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|Section 1: Notes download and overview|
Introduction and guidance (Read)
|Lecture 2||22 pages|
The lecture notes presentation in pdf format. Please make sure you have these notes ready in a workable format before proceeding with the lecture videos. The notes have spaces for you to do workings and add to the presenter notes, remember that this course is interactive and requires active participation. Have a pen and calculator ready, lets begin.
|Section 2: IAS10: Principles and Application|
A theoretical lecture video describing the principles of IAS 10, including the difference between adjusting and non-adjusting events. The best approach to understanding this is to work on a timeline with your lecturer as he discusses. The important concept is the different principles of changing the recognised amounts in the financial statements at reporting date for an adjusting event, versus only disclosing the affect of non adjusting events in the notes to the financial statements.
A lecture video discussing the correct date to use for the authorisation date of the annual financial statements. The video includes the complexities to be thought through when there is an audit committee. The basic disclosure principles are also discussed.
Lecture video covering the specifics regarding dividend that are declared after reporting date, but before the date financial statements are authorised for issue.
Remember, that for a liability to be recognised at reporting date there must be a present obligation!
Lecture video covering the principles relating to going concern events after reporting date and the treatment in terms of IAS 10.
Remember, if it affects going concern it is always an adjusting event!
|Section 3: Class examples|
A class example video illustrating the complexities in identifying the date on which the financial statements are authorised for issue. This class example includes the scenario in which the financial statements require approval by an audit committee.Please watch this video only after watching lecture 2. Work through this example with pen in hand and apply your mind to working through the example with the lecturer.
Class example video illustrating the applicable principles when dealing with events after reporting date that effect going concern.
Please have a pen in hand and work through the class example as instructed in the video.
Tabaldi Education is an organisation that specialises in Accounting and Financial Reporting training and consulting.
Our lecturing team at Tabaldi consists of a group of highly qualified Chartered Accountants who have lectured at undergraduate and postgraduate level, as well as having presented professional accounting training around the world.
Richard Starkey one of Tabaldi's leading lecturers has had years of experience lecturing and consulting for large international corporates, including the big four audit firms within South Africa. Listed companies in Europe, Africa and the Middle East. Richard is passionate about helping people master the basic principles of financial reporting, and takes an interactive journal driven approach to his lectures.