IAS 10 Events after the Reporting Period (F7)
IAS 10 Events after the Reporting Period: ABC’s statement of profit or loss showed a profit before tax of $2 million. After the end of the reporting period and before the financial statements were authorized for issue, the following events took place. A customer who owed $100,000 at the year end went bankrupt owing a total of $150,000. Inventory valued
Continue reading