Lec-27 - Dividend Going Concern Measurement Basis 1....

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Advanced Financial Accounting FIN-611 Mian Ahmad Farhan Lecture-27 Events after Balance-sheet IAS-10 Provisions, Contingent Liabilities & Assets IAS-37
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Financial Statement 1. Draft financial statement 2. Published financial statement
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1 Jan. 31 Dec. 2008 2008 Accounting Period 25 March 2009 31 Dec.2009 Events occurs after the balance sheet date. Adjusting events Non-adjusting events
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Adjusting Events Adjusting events are the events which provide the further evidence relating to the condition existing to balance sheet date.
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Non-adjusting Events There are the events that are indicative of conditions that arose after the balance sheet date.
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Unformatted text preview: Dividend Going Concern Measurement Basis 1. Historical cost 2. Current cost 3. Realizable value 4. Present value IAS-37 Provision, Contingent liabilities & Contingent Assets Provisions Reduction in assets 1. Provision for doubtful debts 2. Provision for depreciation Increase in liabilities 1. Future Losses Provision Provision is a liability of uncertain timing and events Liabilities A liability is a present obligation of the entity arising from past events, the settlement of which is expected to result in an outflow from the entity of resources embodying economic benefits....
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This note was uploaded on 05/15/2010 for the course ACCOUNTING B97702031 taught by Professor Lyz during the Spring '09 term at Punjab Engineering College.

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Lec-27 - Dividend Going Concern Measurement Basis 1....

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