IFRS 10 outlines the requirements for the preparation and presentation of consolidated financial statements, requiring entities to consolidate entities it controls. Top 10 IAS Officers in India IAS officers are considered as the torch-bearers of government schemes. 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. This site uses cookies to provide you with a more responsive and personalised service. Volume B - Financial Instruments - IFRS 9 and related Standards, Volume C - Financial Instruments - IAS 39 and related Standards, Model financial statements for IFRS reporters, IFRS Standards (linked to Deloitte accounting guidance), International Financial Reporting Standards (linked to Deloitte accounting guidance), International Financial Reporting Standards (Blue and Red Books), IFRS Educational Material (including Webcasts and Podcasts), Selected IASB Speeches, Statements and Press Releases, Purpose-driven Business Reporting in Focus, Copyright notice and disclaimer of liability, IAS 10 — Events after the Reporting Period. 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). This Deloitte e-learning module provides training in the background, scope and principles under IAS 10 Events After the Reporting Period, and the application of this Standard. IAS 10 1. IAS 12 Income Taxes. Proceed to site anyway, with a sub-optimal experience Top 10 Tips for Your Success Harnessing the early bird advantage: If you are pursuing a bachelor’s degree, you have already got 3 or 4 years at hand. DTTL and each of its member firms are legally separate and independent entities. Copyright © 2020 Deloitte Development LLC. The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. 2. Topics covered include determining the date the financial statements are authorised for issue, classifying events as adjusting or non-adjusting, and the disclosure for non-adjusting events. I IAS 39 har vi den såkalte «incurred loss-modellen», der finansielle eiendeler nedskrives på tidspunktet da det har oppstått en objektiv tapshendelse. Main Menu. Our IAS practice strives to provide you with the highest quality advice and assistance. IAS 19 Employee Benefits. Les IFRS-nyhetsbrev nr. 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. The e-learning module can be accessed here. Pre-meeting tax questionnaire. IAS 10 (titled Events After the Balance Sheet Date) was issued in May 1999 by the International Accounting Standards Committee, the predecessor to the IASB. You must log in{"id":"id-a2ac3d31-6fee-450a-91e3-10b84fd7a263","action":"login-q3j74v"} to view this content and have a subscription package that includes this content. IAS 20 Accounting for Government Grants and Disclosure of Government Assistance. Welcome to the IAS 10 Events after the Reporting Period e-learning module. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox. DTTL (also referred to as "Deloitte Global") does not provide services to clients. Høringsutkast om IFRS 15, IAS 19, IFRIC 14, IFRS 10 og IAS 28, Conceptual Framework Outrach i Oslo, IASB og FASB Joint Transition Group møtes om ny inntektsstandard, IASB vedtar endret dato for IFRS 15 og ESMA utgir retningslinjer for Alternative Performance Measures. International Financial Reporting Standards (linked to Deloitte accounting guidance) International Accounting Standards IAS 10 — Events after the Reporting Period The date of authorization of financial statements and related authority. IAS 17 Leases. IAS 18 Revenue. 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. Please install the latest version of Internet Explorer or Chrome. IAS 10 Events after the Reporting Period. Under finanskrisen ble det av mange hevdet at svakheten ved modellen ble synlig, både ved at informasjonen selskapene ga om tapsutsatte engasjementer var lite relevant, men også for… To this end, we've put together the following questionnaire for you to complete prior to your tax briefing with your Deloitte IAS client service team. Please read, IAS 10 — Events After the Reporting Period, IAS 10 'Events after the Reporting Period', ESMA issues statement disclosures related to sovereign debt, IASB publishes 'Improvements' exposure draft, Accounting considerations related to COVID-19 — Events after the reporting period, IAS 1 — Current/non-current classification of liabilities, IAS 10 — Reissuing previously issued financial statements, Review of tentative agenda decisions to finalise. FRS IAS 10 Home>Assessment Bookmarks: View AddQuickFind: Go Keyword Question 9 Messages On 15 March, Shuffle Ltd Announced Significant Plans To Restructure The Company. IAS 10 contains requirements for when events after the end of the reporting period should be adjusted in the financial statements. Modellen ble i sin tid innført for å hindre at selskaper bygde opp skjulte reserver i regnskapene. IAS 10 Event After The Reporting Period 3. Topics covered include determining the date the financial statements are authorised for issue, classifying events as adjusting or non-adjusting, and the disclosure for non-adjusting events. Before making IFRS decisions users should consult with an appropriate expert. The following events occurred as follows: (a… The objective of this standard is to prescribe: 1. when an entity should adjust its financial statements for events after the reporting period; and 2. the disclosures that an entity should give about the date when the financial statements were authorised for issue and about events after the reporting period. IAS 11 Construction Contracts. wages and salaries, annual leave), post-employment benefits such as retirement benefits, other long-term benefits (e.g. 10 top revision tips from Kaplan 2019-2020 exams; 12 practical tips to unlock your creative thinking Effective 1 January 2005. Control requires exposure or rights to variable returns and the ability to affect those returns through power over an investee. Revised December 2003. IAS 10 – Events After the Reporting Period Timeline and summary from Deloitte IAS Plus, with information on related interpretations and amendments under consideration. By completion of this module, you will be able to: Determine the date that financial statements are authorized for issue The nature of such event and 4. Welcome to the IAS 33 Earnings per share e-learning module. As global capital markets become increasingly integrated, many countries are moving to International Financial Reporting Standards (IFRS). IFRS 10 erstatter IAS 27 Konsernregnskaper og separat finansregnskap og SIC 12 Konsolidering - foretak for særskilte formål. By using this site you agree to our use of cookies. The Standard also requires that an entity should not prepare its financial statements on a going concern basis if events after the reporting period indicate that the going concern assumption is not appropriate. By completion of this module, ... Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities. IAS 16 Property, Plant and Equipment. long service leave) and termination benefits. For example, in the European Union, companies with publicly traded shares or debt on a European exchange must use IFRS for financial reporting for year ends. All rights reserved. Shariq Chaudhry +923138577400 shari_ch400@live.co.uk 2. Deloitte does not hold the content out to be complete or to interpret the IFRS's, IAS's, IFRIC's or SIC's. hyphenated at the specified hyphenation points. Each word should be on a separate line. Bokføring av tap blir derfor utsatt til det foreligger en objektiv indikasjon på en tapshendelse. This module covers the background, scope and principles under IAS 39 in respect of hedge accounting and its application in practice. International Financial Reporting Standards (linked to Deloitte accounting guidance) International Accounting Standards IAS 10 — Events after the Reporting Period These words serve as exceptions. Fill In The Missing Words Below. Question: Deloitte. IAS 19 Employee Benefits (amended 2011) outlines the accounting requirements for employee benefits, including short-term benefits (e.g. Its date of authorization of financial statements for issue was 10 February 2013 and the annual general meeting is scheduled on 7 March 2013. This module covers the background, scope and principles under IAS 10 Events after the Reporting Period and the application of this Standard. Skip to content. For Non-adjusting events the entity should disclose 3. This Deloitte e-learning module provides training in the background, scope and principles under IAS 10 Events After the Reporting Period, and the application of this Standard. IAS 10 Events after the Reporting Period 2017 - 07 1 Objective This Standard prescribes when an entity should adjust its 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 and IFRS 11 fastlegger prinsippene for regnskaper utarbeidet av virksomheter, som er part i en felles ordning, og erstatter IAS 31 Andeler i felleskontrollert virksomhet og SIC-13 Felleskontrollerte foretak - ikke-monetære overføringer fra deltakere. 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. The more time you get, the … Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. The Financial Statements Are Drafted And Management Are Meeting On 21 March To Authorise Them For Issue. Its financial impact Worked Example: AB Ltd engaged in manufacturing facility and has year end of 31 December 2012. Once entered, they are only Deloitte network’s IAS Plus (www.iasplus.com) is one of the most comprehensive sources of global financial reporting news on the Web.It is a central repository for information about International Financial Reporting Standards (IFRSs), as well as the activities of the … This module covers the background, scope and principles under IAS 33 Earnings per Share and the application of this Standard. Examples and other materials in the learning units are solely for illustrative purposes and should not be relied upon for technical answers or as the Deloitte opinion on technical issues. Events after the reporting period and financial commitments Download link: Deloitte IFRS/IAS 2017 . IAS 10 requires the entity to disclose the following: 1. Learn Menu Toggle. IFRS 10 was issued in May 2011 and applies to annual periods beginning on or after 1 January 2013. 3-2015 » By completion of this module, you will be able to: It was reissued by the IASB in December 2003 and retitled Events After the Reporting Period in September 2007 as a consequential amendment resulting from revisions to IAS 1 Presentation of Financial Statements . published 10 Dec 2020 This updated 'What's New' publication from Deloitte (New Zealand) provides a high level overview of new and revised financial reporting requirements that need to be considered by for-profit entities for annual and interim financial reporting periods ending on 31 December 2020. IFRS 10 provides a single model for assessing whether an investor controls an investee and provides more extensive guidance on applying this model. Below is an excerpt about International Accounting Standards (IAS) 19 taken from Deloitte. 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As global capital markets become increasingly integrated, many countries are moving to International Reporting...