ias 10 pdf

The revised standard was effective for financial statements beginning from January 1 1998. Effective 1 January 2005. (a) changes in revaluation surplus (see IAS 16 Property, Plant and Equipment and IAS 38 Intangible Assets); (b) actuarial gains and losses on defined benefit plans recognised in accordance with paragraph 93A of IAS 19 Employee Benefits; (c) gains and losses arising from translating the financial statements of a foreign operation (see IAS IAS 10 – Events After the Reporting Period Quiz Free IFRS Quizzes IAS 10 – Events After the Reporting Period Quiz ) , () ) Previous Lesson. IFRS 10 Consolidated Financial Statements is issued by the International Accounting Standards Board (IASB), 30 Cannon Street, London EC4M 6XH, United Kingdom. H��W�n�}����݇i���d����$.��$�5%;�$Kbh������1�$�A�;5�]u���e>Og�^9���tv���矦��7���/�_�3��X�?�d���������3��M��L1��(9�ꝭ�Ds�0�������f�s�Ŝ]����'gώ��|{s��������ep.���_COX��%�V/�z�aڽxve�ӵ�����ۯ�����/���뿺X�\�����OߛW�_~��*9L�a�=�廳x�Ԓ �h����N�=��g�ksj��S꾛����G�����%�\�.�������ň����h�ί�}��c��_N�l���b�|o���'Uy�]�"P�] )�ɥ��=^(37'a)���]�c�j'��!��O/� ���cf��.��.fC*0Э.�[���*9�?��c$��f��l}Ma{ߒm��u��b8��mk��D#ïo $\�C�%����G������)�M@f(O�A_��"Fm�NNd8�#���w�~B�)M��J�L޿�^��m�l?ï;d�>��;g.�@b��O{o��b��u�r�=v�Y7?�7���jo�l�����;�a����! Shariq Chaudhry +923138577400 shari_ch400@live.co.uk 2. �R� %z���ewj � ǵ�N�d�p��N�u+v2��B��- confused with IAS (International Accounting Standards), which are older standards that IFRS has rep laced. 0� The sale of inventories after the To find out more, see our Cookies Policy Terms & Conditions Articles. 1996), income taxes and repealed the previous IAS 12 (reformatted 1994), accounting for taxes on income. IAS 10 was reissued in December 2003 and is applicable for annual reporting periods commencing on or after 1 January 2005. Revised December 2003. IFRS 10 provides a single model for assessing whether an investor controls an investee and provides more extensive guidance on applying this model. GBEs are defined in IPSAS 1, “Presentation of Financial Statements.” Definitions 7. The effective date was fixed as January 1, 2000. If the owners or others have the power to amend the financial statements after issue, that fact should be disclosed. IFRS 10 was issued in May 2011 and applies to annual periods beginning on or after 1 January 2013. OBJECTIVE IAS 1 Presentation of financial statements prescribes the basis for presentation of general purpose financial statements, to ensure comparability both with the entity’s financial statements of previous periods and with the financial statements a�u|�i(��u���@����Y���I�1� ���h�@̬{&`{�ö�����l���\jf�r��V4'�#GhTf���8�=4����'�4*��\b�:�$��;���+����*k�䓏MZ� "�(���8�Ź#��q��A����C ��O�trW�t1�ow��oe� M�N�%W�g��pa�����ZO�P��R�.�z# N�=�f��Ǹ��w�H�uѿM����Y�9���9���BJ >PU�"�~H`�"b�e육4~č�MaA�C��p�kg���*�c�0i�s��W�Y�C�ݵ�Cи�`���bw�~���ȕ�]3�Q����+ ���[:��1��9�/�.�� /Filter /FlateDecode 86 0 obj <> endobj 114 0 obj <>/Filter/FlateDecode/ID[<8BBF89DCEC30414A9B770BE89BBC02D0><2CFA29429CD14C5CA22AC04893754486>]/Index[86 47]/Info 85 0 R/Length 122/Prev 1046141/Root 87 0 R/Size 133/Type/XRef/W[1 2 1]>>stream NZ IAS 10 – This version is effective for reporting periods beginning on or after 1 Jan 2018 (early adoption permitted) Date of issue: Nov 2102 Date compiled to: 31 Dec 2016 . ���d���տaUД�fZP�l>��Sm.�L9�����M�O�B>{�N�s2�y��Ό���TD#��?��*��D�l``� �� *�� O����% -�*`'33X3(���5�L�b,;`U��Ű�Ac The objective of IAS 10 is to prescribe the accounting treatment applicable to events that occur after the reporting date. /MediaBox [0 0 595 842] IAS 10 BC International Accounting Standard 10 Events after the Reporting Period Objective 1 The objective of this Standard is to prescribe: (a) when an entity should adjust its financial statements for events after the reporting period; and (b) the disclosures that an entity should give about the date when the financial statements were This Standard provides guidance for the accounting treatment of the events, which take place after the reporting period, but before the date of authorization of financial statements for issue, related disclosur… Which are designed for IAS only. /Group Definition Events after the reporting period are those events, both favourable and unfavourable, that occur between the reporting date and the date on which the financial statements are authorized for issue. >> Issued: in 1978; re-issued in 1999 and 2003, followed by amendments Effective date: 1 January 2005 What it does: IAS 10 sets the rules when an entity should adjust its financial statements for events after the reporting period together with the necessary disclosures. << Free IFRS Quizzes IAS 10 – Events After the Reporting Period Quiz ) , () ) Previous Lesson. * IAS 10 subsequent events is read in context of Audit and assurance course. IAS 10 Events after the Reporting Period prescribes when an entity should adjust its financial statements for events after the reporting period and the disclosures that an entity should give about the date when the financial statements were authorised and about events after the reporting period. /Type /Page >> IAS 10 Events after the Reporting Period 2017 - 07 2 Recognition and measurement Presentation and disclosure An entity shall present and disclose information that enables users of the financial statements to evaluate the effects of events after reporting period: In the Notes to the financial statement: Dear Aspirants, The 10 PM Daily Current Affairs Quiz will be focused on UPSC Prelims 2021. IAS 10 1. Effective 1 January 2005. Earlier application is encouraged. On December 18, 2003, the International Accounting Standards Board (IASB) issued the revised version of IAS 10. /Resources 2 0 R The questions based on the Current Affairs would be published in the night every day around 10 PM. The following terms are used in this Standard with the meanings specified: Carrying amount of an asset is the amount at which an asset is Solution Example 4 Per paragraph 9 (b ii) of IAS 10, this is an adjusting event. Control requires exposure or rights to variable returns and the ability to affect those returns through power over an investee. (ϼFF��9 T�w4�w�K}x��틽�zs~���L�o��z�z���1��Z��"�^�X��d�����2�BTw�g�˃��Jw�%���Cm�1��3W� ^v�A$J\'f��o�ghŅ�6f!Q$tR�dR=W�dx��V�a\��4��t*���~xM��V��o~�P �?R���� 9ICŅj@���-fY��?�ըu]l�bӶ���V So for you we have brought a very special book of IAS in this post. This inventory had been included in the year-end inventory count at cost of €100,000. << issued by the International Accounting Standards Board (IASB). We request you to respect our Hard Work. z�=,A NC����!�S�R�dF2��p��I���7��J�IPQ����Hqے����M�1�T�9�P�-�@��M@fT0$�{�b�f�� �bɩz�i+�6�L�at� �&5�.ny�22_AM���;#XF�w��,O .k�P���ۨWe�́�+�SW�>+��^"���u�12�uE�*�r?�q(�ݺ�ʄ:S@��BW�v�d#�G�!I�q!`���Ԥe2h�. This Standard provides guidance for the accounting treatment of the events, which take place after the reporting period, but before the date of authorization of financial statements for issue, related disclosur… The daily current affairs quiz will consist of 10 questions every day which focuses on daily current affairs and the related subjects in the UPSC Exam. Moreover, Click here to download the IAS events after the reporting period PDF summary. The IASC issued revised IAS 10, Events After the Balance Sheet Date in May 1999, which supersedes those portions of IAS 10 (1978) dealing with events after the balance sheet date. As you have to tell that this is a very big job. You have to do a lot of studies for this. The International Accounting Standards Board issued the revised version of the International Accounting Standard 10, Events After the Reporting Period. (a) subsidiaries, as defined in IFRS 10 Consolidated Financial Statements; (b) associates, as defined in IAS 28 Investments in Associates and Joint Ventures; and (c) joint ventures, as defined in IFRS 11 Joint Arrangements. The daily current affairs quiz will consist of 10 questions every day which focuses on daily current affairs and the related subjects in the UPSC Exam. On 10 January 2014, Ding Dong Limited sold some inventory for €80,000. Please utilize them wisely and don't make them Commercial. >> This post contains links to download all our online UPSC (IAS) Study Materials in PDF, which are completely free. We IASSolution.com team is committed to provide quality education, guidance, and free IAS Study materials to encourage self-study for UPSC CSE. {�J��4�05�k��E�Y+��oolf�Q��O�Q;�ւP�Л`�Z�%��v�>ְ��@@;���BRh3z���/ʽ?�\����9��qV�-ӹ�;�^���ſ��lI������>��_k"� �f���}�M�Ҟ��7�inLm��Ӭ� stream P�|�#����I0D2�20� ��```�� �ð�A�A؀�� {܃*Y��� Q`�����f@ @�����0@�S c�D���@���ePu�@����E�g��#[��{M@���>��w ��c# endstream endobj 87 0 obj <>>>/Metadata 42 0 R/Outlines 80 0 R/Pages 84 0 R/Perms/Filter<>/PubSec<>>>/Reference[<>/Type/SigRef>>]/SubFilter/adbe.pkcs7.detached/Type/Sig>>>>/Type/Catalog/ViewerPreferences<>>> endobj 88 0 obj <>/ExtGState<>/Font<>/ProcSet[/PDF/Text/ImageC/ImageI]/Properties<>/Shading<>/XObject<>>>/Rotate 0/Tabs/W/Thumb 34 0 R/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 89 0 obj <>stream %PDF-1.4 << Solution Example 4 Per paragraph 9 (b ii) of IAS 10, this is an adjusting event. This site uses cookies. ǻ�|�,qW��ZW��� �f�6� पG������V���˵��iߙ� ��*z�q����b X]�Lj�%��[���Pb�mr>r�(�٥�r�g�)���^��. ; There are 4 main types of material events after the reporting period: IAS 10 Event After The Reporting Period 3. View ACCA FR Financial Reporting (F7) IAS 10.pdf from ACCOUNTING 150 at Intec Education College. IFRS 10 and IFRS 12 were issued in May 2011. /Parent 4 0 R So you only read it from You will benefit greatly, I believe. }Q��헜���m�'N�W����Ƚ� �|���4��h��:*�[�4D� ����y�LH�e�$Q��\.H�e�� IAS 10 was reissued in December 2003 and is applicable for annual reporting periods commencing on or after 1 January 2005. /CS /DeviceRGB This site uses cookies. The questions based on the Current Affairs would be published in the night every day around 10 PM. Vision IAS Summary of Union Budget 2021-2022 PDF News & Current Affairs , Vision IAS February 10, 2021 February 10, 2021 IshitaM Warm Welcome to the world of Free Resources where everything is available for you in just a click and we are also a part of it by providing you Materials for UPSC/IAS Preparation . 3 0 obj endobj As part of the business world, it is normal that some events may take place after the reporting period, but before the date of authorization of financial statements for issue, and which might reflect some information that needs to be considered before the financial statements are authorized for issue. IAS 10 Events after the Reporting Period The objective of this Standard is to prescribe: (a) when an entity should adjust its financial statements for events after the reporting period; and (b) the disclosures that an entity should give about the date when the financial %���� IAS 10 1. Issued: in 1978; re-issued in 1999 and 2003, followed by amendments Effective date: 1 January 2005 What it does: IAS 10 sets the rules when an entity should adjust its financial statements for events after the reporting period together with the necessary disclosures. 2 von 10 table of contents ias 1: presentation of financial statements 3 ias 2: inventories 3 ias 7: cash flow statements 3 ias 8: net profit or loss for the period, fundamental errors and changes in accounting policies 4 ias 10: events after the balance sheet date 4 ias 11: construction contracts 4 ias 12: income taxes 4 ias 14: segment reporting 4 IFRS 10 Consolidated Financial Statements is issued by the International Accounting Standards Board (IASB), 30 Cannon Street, London EC4M 6XH, United Kingdom. intelligent autonomous systems 10 ias 10 ias 10 Dec 10, 2020 Posted By Catherine Cookson Ltd TEXT ID d47f342e Online PDF Ebook Epub Library resulting in new challenges to be overcome in order to apply intelligent autonomous systems in a reliable and user independent way recent advances in the neben IAS 10 Event After The Reporting Period 3. In 2007 the Board revised IAS 1 again as part of its project on financial statement presentation. Back to Course Next Lesson. IAS 8 Net Profit or Loss for the Period, Fundamental Errors and Changes in Accounting Policies was issued by the International Accounting Standards Committee in December 1993. /Contents 3 0 R The revised standard was effective for financial statements beginning from January 1 1998. IFRS 10 outlines the requirements for the preparation and presentation of consolidated financial statements, requiring entities to consolidate entities it controls. IAS 10 Events after the Reporting Period prescribes when an entity should adjust its financial statements for events after the reporting period and the disclosures that an entity should give about the date when the financial statements were authorised and about events after the reporting period. 1 0 obj 12/1/2020 Questionmark Perception Dec 01 2020 | Logged in as : … Tel: +44 (0)20 7246 6410 Fax: +44 (0)20 7246 6411 Email: iasb@ifrs.org Further provisions of IAS 10 and FRS 21 (a) Authorisation for issue of financial statements . An enterprise should disclose the date when the financial statements were authorised for issue and who gave that authorisation. In the UPSC exam, the strategy is very important which should be a mix of h�b```b`0�������A��bl,7^ 2 von 10 table of contents ias 1: presentation of financial statements 3 ias 2: inventories 3 ias 7: cash flow statements 3 ias 8: net profit or loss for the period, fundamental errors and changes in accounting policies 4 ias 10: events after the balance sheet date 4 ias 11: construction contracts 4 ias 12: income taxes 4 ias 14: segment reporting 4 IAS 10 Events after the Reporting Period The Board has not undertaken any specific implementation support activities relating to this Standard. The accounting standard IAS 10 sets out when entities should adjust their financial statements for events after the reporting period and the disclosures that should be given about the date when the financial statements were authorised for issue. OBJECTIVE The objective of IAS 10 is to prescribe: a. when an entity should adjust its financial statements for events after the reporting period; and b. IAS 10 indeholder et krav om, at regnskabet ikke må ud-arbejdes ud fra forudsætningen om going concern, hvis ledelsen efter regnskabsperioden beslutter, at virksom-heden skal likvideres, standser aktiviteterne, eller ledel-sen vurderer det som urealistisk, at … NZ IAS 10 Events after the Reporting Period. IAS 10 Events after the Reporting Period provides guidance as to which events after the balance sheet date should lead to adjustments in the financial statements and which events shall be disclosed in the notes to financial statements. On 10 January 2014, Ding Dong Limited sold some inventory for €80,000. Companies are required to adjust their financial statements as a result of adjusting events. 1996), income taxes and repealed the previous IAS 12 (reformatted 1994), accounting for taxes on income. IAS 10 Events after the Reporting Period (May 2013) Issue Reissuing previously issued Financial Statements The Interpretations Committee was asked to clarify the accounting implications of applying IAS 10 Events after the Reporting Period when previously issued financial statements are reissued in connection with an offering document. H�O%�k,7��?�n���M�O��K�-��ț��U�����j��`���y����O�Y��>��)����\ ��z\�6��������ZM�kz!j�p#ܢT�ˋ�߿�߬;�Vpwb:��s�Һ�2z0��)H�� Shariq Chaudhry +923138577400 shari_ch400@live.co.uk 2. Back to Course Next Lesson. The effective date was fixed as January 1, 2000. 12/1/2020 Questionmark Perception Dec 01 2020 | Logged in as : … 2k])�)�����>3���1�֨b�.ƶYyn� '�#b�IŜ:�\ rSP�� (KwX�x 1��5A]��w�XKQ(2ߩ�u� It replaced IAS 8 Unusual and Prior Period Items and Changes in Accounting Policies (issued in February 1978). The definition in IAS 10 is: Events after the balance sheet date are those events, both favourable and unfavourable, that occur between the balance sheet date and the date when the financial statements are authorised for issue. /Length 3984 Any new standard presents challenges and questions when preparers of financial statements start implementation. The IASC issued revised IAS 10, Events After the Balance Sheet Date in May 1999, which supersedes those portions of IAS 10 (1978) dealing with events after the balance sheet date. This post contains links to download all our online UPSC (IAS) Study Materials in PDF, which are completely free. s����˯��=��3oXڌC�~�%��ω�f�������a+=�(l�ؼ^���".7̲������K4��*�S������t.�d���鑢2�KK���� =���V4,b#Ǩ�;�~� ���(�6-j�f�����翶��N ���c�T��=����L��l�s�[,9)!�ɶ�HZ*���q��k�E���w-t/�T�pN�^ This will give you a lot of information if you are preparing it. IFRS 10 retains the key principle of IAS 27 and SIC 12: all entities that are controlled by a parent are consolidated. IAS 8 Net Profit or Loss for the Period, Fundamental Errors and Changes in Accounting Policies was issued by the International Accounting Standards Committee in December 1993. The IFRS Interpretations Committee has previously considered a number of relevant issues that have been submitted by stakeholders. View ACCA FR Financial Reporting (F7) IAS 10.pdf from ACCOUNTING 150 at Intec Education College. As part of the business world, it is normal that some events may take place after the reporting period, but before the date of authorization of financial statements for issue, and which might reflect some information that needs to be considered before the financial statements are authorized for issue. This inventory had been included in the year-end inventory count at cost of €100,000. The sale of inventories after the IAS 10 pdf. IAS 1 is applicable for annual reporting periods commencing on or after 1 January 2009. It contains requirements for when events between the end of the reporting period and the date on which the financial statements are authorised for issue should be reflected in the financial statements. Definition Events after the reporting period are those events, both favourable and unfavourable, that occur between the reporting date and the date on which the … GBEs are defined in IPSAS 1, “Presentation of Financial Statements.” Definitions 7. h�bbd``b`^$�z�7���[ ���b� �&�H�� � �h$x�@zE���odO�D�;��S��CD����; ��@B������/H1#5��Ls? the IAS 10 where these respective expr essions are used are in suc h a way di erent from each other tha t this di erence is to be looked upon as in - tended or rational. %PDF-1.7 %���� For-profit Prescribes when an entity should adjust its financial statements for events after the reporting period and the disclosures about the date the financial statements were authorised for issue and events after the reporting period. Intangible assets – IAS 38 30 Property, plant and equipment – IAS 16 31 Investment property – IAS 40 32 Impairment of assets – IAS 36 33 Lease accounting – IAS 17, IFRS 16 34 Inventories – IAS 2 35 Provisions and contingencies – IAS 37 36 Events after the reporting period and financial commitments – IAS 10 … IAS 10 Events after the Reporting Period 2017 - 07 2 Recognition and measurement Presentation and disclosure An entity shall present and disclose information that enables users of the financial statements to evaluate the effects of events after reporting period: In the Notes to the financial statement: Two types of events can be identified: The above IAS 10 summary is the most simplified version. … ; It defines both adjusting and non-adjusting events. For impairment of other financial assets, refer to IFRS 9. ; It defines both adjusting and non-adjusting events. /I true IAS Book PDF. On December 18, 2003, the International Accounting Standards Board (IASB) issued the revised version of IAS 10. ; There are 4 main types of material events after the reporting period: Dear Aspirants, The 10 PM Daily Current Affairs Quiz will be focused on UPSC Prelims 2021. IFRS 10 applies both to traditional entities and to special purpose (or structured) entities and replaced the corresponding requirements of both IAS 27 ‘Consolidated and Separate Financial Statements’ (IAS 27) (2008) and SIC-12 ‘Consolidation – Special Purpose Entities’ (SIC-12). Last 10 Years UPSC Question Papers with Answers PDF- Download Here Last 10 Years UPSC Question Papers with Answers PDF The UPSC Civil Services Prelims Exam Question Papers are highly extremely recommended to the IAS students for the true assessment of intricacy of questions included into UPSC Exams Question Papers. Download *Additional Material is restricted to those with NZ-assigned IP addresses only. IAS 10 Events after the Reporting Period The objective of this Standard is to prescribe: (a) when an entity should adjust its financial statements for events after the reporting period; and (b) the disclosures that an entity should give about the date when the financial Adjusting events are events that occur after the date of financial statements but before the date of their issuance that provide evidence of conditions that existed at the end of the reporting period. International Accounting Standard 10 Events after the Reporting Period or IAS 10 is an international financial reporting standard adopted by the International Accounting Standards Board (IASB). Adjusting events are those providing evidence of conditions existing at the end of the reporting period, whereas non-adjusting events are indicative of conditions arising after the reporting period (the latter being disclosed where material). It replaced IAS 8 Unusual and Prior Period Items and Changes in Accounting Policies (issued in February 1978). Tel: +44 (0)20 7246 6410 Fax: +44 (0)20 7246 6411 Email: iasb@ifrs.org intelligent autonomous systems 10 ias 10 ias 10 Dec 13, 2020 Posted By Cao Xueqin Ltd TEXT ID a47081d0 Online PDF Ebook Epub Library on amazonae at best prices fast and free shipping free returns cash on delivery available on eligible purchase hello select … In May 1999, IAS 10 (revised 1999), events after the balance sheet date, amended paragraph 88. International Accounting Standards Board revised IAS 1 as part of the Improvements project and in 2005 the Board amended it as a consequence of issuing IFRS 7 Financial Instruments: Disclosures. �@�����@�*�Q�u�&����Cj��J���C s�CD���F!�գ#쨫"+�}�������8D6�����N�d Y�p endstream endobj startxref 0 %%EOF 132 0 obj <>stream OBJECTIVE The objective of IAS 10 is to prescribe: a. when an entity should adjust its financial statements for events after the reporting period; and b. IAS 10 contains requirements for when events after the end of the reporting period should be adjusted in the financial statements. Title: Microsoft PowerPoint - IFRS-IAS10-H1-IAS10 handout Author: Catharine Created Date: 2/7/2014 1:53:57 PM IFRS 10 applies to all investees and replaces the previous models for determining control found in IAS 27 and the interpretive guidance for special purpose entities found in SIC-12. However, some of the detailed guidance is new and may result Revised December 2003. /S /Transparency ���1�@7cv6�o�Q��;��[�Хj2��zj�Kxz(����7˘�˴RA$��n��� The following terms are used in this Standard with the meanings specified: Carrying amount of an asset is the amount at which an asset is issued by the International Accounting Standards Board (IASB). Vision IAS Prelims 2021 Test 18 With Solutions PDF [Prelims 2021 Test Series] Here Each and Every PDF is provided for Free and should be used for Education purposes only. We IASSolution.com team is committed to provide quality education, guidance, and free IAS Study materials to encourage self-study for UPSC CSE. In the UPSC exam, the strategy is very important which should be a mix of In May 1999, IAS 10 (revised 1999), events after the balance sheet date, amended paragraph 88. replaces IAS 10 Events After the Balance Sheet Date (revised in 1999) and should be applied for annual periods beginning on or after 1 January 2005. Download International Accounting Standards Easily from following links..... IAS 1 IAS 2 IAS 7 IAS 8 IAS 10 IAS 11 IAS 12 IAS 16 IAS 17 IAS 18 IAS 19 IAS 20 IAS 21 IAS 23 IAS 24 IAS 26 IAS 27 IAS 28 IAS 29 IAS 31 IAS 32 IAS 33 IAS 34 IAS 36 IAS 37 IAS 38 IAS 39 IAS 40 IAS 41 Last 10 Years UPSC Question Papers with Answers PDF- Download Here Last 10 Years UPSC Question Papers with Answers PDF The UPSC Civil Services Prelims Exam Question Papers are highly extremely recommended to the IAS students for the true assessment of intricacy of questions included into UPSC Exams Question Papers.

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