IAS 10 - Events After Reporting Date

A course covering key principles in International Accounting Standard 10 (IAS 10) on Events After Reporting Period

IAS 10 – Events After Reporting Date

Course Description

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): Students studying accounting at university; Candidates studying to pass board and professiona... Read More »

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):

  • Students studying accounting at university;
  • Candidates studying to pass board and professional exams;
  • Professionals looking to keep up to date with continuing professional education.

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.

Read Less
Course Outcomes:
  • By the end of this course you will be able to understand the principles of reporting events after reporting date (balance sheet date) and disclosure under IAS 10.
Course Details:

Target Audience

Students studying accounting at university
ACCA candidates
CIMA candidates
Professional accountants for continuing professional education / development
Candidates sitting for professional accounting exams

Access Timeframe

Full Lifetime Access
Certificate Info:

Type of Certification

Certificate of Completion

Format of Certification

Digital

Professional Association/Affiliation

Udemy is not an accredited institution, but we offer skills-based courses taught by experts in their field.

Method of Obtaining Certification

When all lectures have been completed, a gold or green trophy will appear on the course dashboard, signifying that the certificate of completion is ready for download. Click on the trophy to view the certificate.

Additional Details

Certificates of completion can be accessed at Udemy.com and the mobile site, but not through the mobile apps or Apple TV. If you've completed a course on the mobile app or Apple TV, please log into Udemy.com through a browser to access your certificate.
About Instructor:

Tabaldi Accounting Education - Accounting and Financial Reporting specialists

KC Rottok Chesaina

Rudy Govender

Faatima Kholvadia

Annelien Feldtmann

Course Outline

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.

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!

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.

Technical Requirements

A basic understanding of accounting and financial reporting up to financial statement preparation level.

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