IAS 10 - L1 - Adjusting and Non-Adjusting Events after Reporting Date

[@jmull91]

Thanks for the explainer. Really made my understanding of what was documented in my eText much clearer. Also as an Australian watching a South African video I am grateful for international accounting standards being used across the world. Cheers

[@TabaldiEducation]

I am glad it helped! For interest sake, what qualification are you studying?

[@morongwabaswabile3878]

when you said "irrespective whether or not the fact was known @ RD". Thanks :)

[@wanderapatience]

Is it also called favorable and unfavorable events

[@ronchodas02]

This is so easy to understand. Thank you. 🙏🏽

[@vishalr.7692]

Thank you sir..this helped me a lot!!😁

[@mbalenhlezulu194]

Thank you Sir this help me a lot

[@pratiknitinvyas5692]

Without Prejudice . All the videos related to IAS are magnificent & explicitly narrated . If possible can we have the videos on IAS 19 as no one is as better narrative then your videos in KZbin forum. I have gone through Tabaldiaccounting but I, couldn't find any of it. Regards & Thanks ?!

[@TabaldiEducation]

Pratik Vyas - Thank you for your encouraging comment. We are pleased you find our videos of such quality. Sorry at the moment we are not putting any videos on IAS 19 Employee Benefits on KZbin or Udemy. Best with your future studies. The Tabaldi Team

[@shiyitan8339]

What about sales of inventories after reporting date and before authorisationdate? Is it an adjusting or non-adjusting event?

[@mtamgt]

Thanks Sir for your clear presentation. However, i have a little doubt which I present as follows. How do we treat sales returns and purchase returns actually made in between the reporting date and authorization date which were sold and purchased before reporting date?

[@damiahoo6548]

Thanks! It is super clear! I like the disclose about a) nature b) financial effect!

[@quaqmireful]

For non-adjusting events, is it compulsory to make disclosures ?

[@quaqmireful]

Richard Starkey Thanks for the reply, much appreciated!

[@billyfok7396]

if the company decided to make approximately 10 staff redundant, it is required to mention in the financial statement under IAS 10? if yes, is under adjusting event or non-adjusting event and why

[@jameshay7537]

Great video ! Having read the standard it seems to be more concerned with assets and write downs. If you have a legal liability at the reporting date that are subsequently found not to be payable is that also an adjusting event ? I am referring to s special offer that entitles customers to free goods or services which is valid for 12 months from date of purchase. At the end of the reporting period these are still due but by the time the accounts are prepared they have expired.

[@varunsharma4984]

Very well explained Richard, We often used a term "Material Events". What is mean of Material events? Thanks Mate

[@brianlol1627]

i don't know the exact context , but based on what my lecturer taught us, it should be the events which are quite important to you.

[@Rashad123431]

Thank you. It gave me clear understanding of what is and what is not an adjusting event..

[@TabaldiEducation]

Hi Rashad Jamalov. We are so glad we could help and that our videos are useful. We have put up a full course for free on IAS 10 on www.udemy.com/ias-10-events-after-reporting-date/

[@kikianasahmad2328]

jy's 'n beter onderwyser. dankie meneer

[@TabaldiEducation]

Thank you Anas Ahmad. Good luck with your studies.

[@sanjeevthakali7668]

hey guys! what is reporting date? is it same as on when Balance sheet is prepared for?

[@TabaldiEducation]

Hi Sanjeev, Reporting Date is the date of the financial year end which will be the date of the balance sheet. Hope this clarifies

[@sanjeevthakali7668]

thank you so much!

[@sanjeevthakali7668]

Is the date of authorisation same as the date when Financial Statements is signed by the Director and the Auditor of the company?

[@sanjeevthakali7668]

Thank you Richard Starkey for the information.

[@TabaldiEducation]

+sanjeev thakali Glad to have helped.

[@hammadafzal8621]

Hi, thank you for the informative videos. I would like to know if I received services from a provider but did not receive an invoice. As an estimate, I booked an accrued amount. Immediately after the year end, I received the invoice from the provider. Should I reverse the accrued amount and book a payable or not do anything?

[@TabaldiEducation]

Thank you Hammad Afzal for your comments. To view the full range of our package and lecturer interaction and support go to www.tabaldi.org Good luck with your studies

[@nurnasuha2276]

wonderful. it is a clear explanation.

[@TabaldiEducation]

Thanks Nur. We are glad that enjoyed the video. For the full video course you are able to access it for free on Udemy www.udemy.com/ias-10-events-after-reporting-date/

[@mariaaguirre9253]

Thank you po :)

[@steffysunny5703]

Thank u for your class sir 🙂

[@fionanothando2321]

wow, great job sir

[@TabaldiEducation]

Thank you for your comment Fiona Nothando - We are pleased you find these videos helpful. Best wishes for all your studies and future plans. The Tabaldi Team

[@danielnzekwe5493]

GREAT VIDEO. Was quite helpful

[@TabaldiEducation]

+Daniel Nzekwe Thank you for your comment - go to www.tabladi.org to view our full product which includes lecturers support. Glad this video was beneficial to you.

[@spamsamwabam]

great video !

[@TabaldiEducation]

Many thanks Samantha. We are glad that enjoyed the video. For the full video course you are able to access it for free on Udemy www.udemy.com/ias-10-events-after-reporting-date/