IAS 10 Events after the reporting period regulates the extent to which events after the reporting period should be reflected in financial statements. Which one of the following lists of such events consists only of items that, according to IAS 10, should normally be classified as non-adjusting?
A、Insolvency of an account receivable which was outstanding at the end of the reporting period, issue of shares or loan notes, an acquisition of another company
B、Issue of shares or loan notes, changes in foreign exchange rates, major purchases of non-current assets
C、An acquisition of another company, destruction of a major non-current asset by fire, discovery of fraud or error which shows that the financial statements were incorrect
D、Sale of inventory which gives evidence about its value at the end of the reporting period, issue of shares or loan notes, destruction of a major non-current asset by fire
A、Insolvency of an account receivable which was outstanding at the end of the reporting period, issue of shares or loan notes, an acquisition of another company
B、Issue of shares or loan notes, changes in foreign exchange rates, major purchases of non-current assets
C、An acquisition of another company, destruction of a major non-current asset by fire, discovery of fraud or error which shows that the financial statements were incorrect
D、Sale of inventory which gives evidence about its value at the end of the reporting period, issue of shares or loan notes, destruction of a major non-current asset by fire
【参考答案及解析】
These events are adjusting if discovered between the reporting date and the date the financial statements are authorised for issue as they provide evidence about conditions that existed at the reporting date: insolvency of an account receivable which was outstanding at the end of the reporting period, discovery of fraud or error which shows that the financial statements were incorrect, sale of inventory which gives evidence about its value at the end of the reporting period
These events are adjusting if discovered between the reporting date and the date the financial statements are authorised for issue as they provide evidence about conditions that existed at the reporting date: insolvency of an account receivable which was outstanding at the end of the reporting period, discovery of fraud or error which shows that the financial statements were incorrect, sale of inventory which gives evidence about its value at the end of the reporting period