IFRS Notes

Examples of adjusting events after the reporting period

IAS 10-pr9
Examples of adjusting events after the reporting period

(1) a court case was settled
confirming the obligation at the end of reporting period

(2) additional information indicating an asset impairment
at the end of reporting period

(2a) if a customer files bankruptcy after the reporting period,
trade receivables at the end of reporting period need adjustments

(3) costs of assets purchased before the end of reporting period
were determined after the reporting period

(4) there was an obligation for profit-sharing and bonus
at the end of reporting period,
and the amounts were determined after the reporting period

(5) errors or fraud affecting financial statements
at the end of reporting period
were discovered after the reporting period