ias10 - IAS 10 International Accounting Standard 10 Events...

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IAS 10 © IASCF A371 International Accounting Standard 10 Events after the Reporting Period This version includes amendments resulting from IFRSs issued up to 31 December 2009. IAS 10 Events After the Balance Sheet Date was issued by the International Accounting Standards Committee in May 1999. It replaced those parts of IAS 10 Contingencies and Events Occurring After the Balance Sheet Date (originally issued June 1978, reformatted 1994) that were not replaced by IAS 37 (issued September 1998). In April 2001 the International Accounting Standards Board (IASB) resolved that all Standards and Interpretations issued under previous Constitutions continued to be applicable unless and until they were amended or withdrawn. In December 2003 the IASB issued a revised IAS 10 with a modified title— Events after the Balance Sheet Date . IAS 10 was amended by the following IFRSs: •I F R S 5 Non-Current Assets Held for Sale and Discontinued Operations (issued March 2004) A S 1 Presentation of Financial Statements (revised September 2007) * Improvements to IFRSs (issued May 2008) * F R I C 1 7 Distributions of Non-cash Assets to Owners (issued November 2008). As a result of the changes in terminology made by IAS 1 in 2007, the title of IAS 10 was changed to Events after the Reporting Period . Apart from IFRIC 17 the following Interpretation refers to IAS 10: •S I C - 7 Introduction of the Euro (issued May 1998 and subsequently amended). * effective date 1 January 2009 effective date 1 July 2009
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IAS 10 A372 © IASCF C ONTENTS paragraphs INTRODUCTION IN1–IN4 INTERNATIONAL ACCOUNTING STANDARD 10 EVENTS AFTER THE REPORTING PERIOD OBJECTIVE 1 SCOPE 2 DEFINITIONS 3–7 RECOGNITION AND MEASUREMENT 8–13 Adjusting events after the reporting period 8–9 Non-adjusting events after the reporting period 10–11 Dividends 12–13 GOING CONCERN 14–16 DISCLOSURE 17–22 Date of authorisation for issue 17–18 Updating disclosure about conditions at the end of the reporting period 19–20 Non-adjusting events after the reporting period 21–22 EFFECTIVE DATE 23 WITHDRAWAL OF IAS 10 (REVISED 1999) 24 APPENDIX Amendments to other pronouncements APPROVAL BY THE BOARD OF IAS 10 ISSUED IN DECEMBER 2003 BASIS FOR CONCLUSIONS FOR THE ACCOMPANYING DOCUMENTS LISTED BELOW, SEE PART B OF THIS EDITION
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IAS 10 © IASCF A373 International Accounting Standard 10 Events after the Reporting Period (IAS 10) is set out in paragraphs 1–24 and the Appendix. All the paragraphs have equal authority but retain the IASC format of the Standard when it was adopted by the IASB. IAS 10 should be read in the context of its objective and the Basis for Conclusions, the Preface to International Financial Reporting Standards and the Framework for the Preparation and Presentation of Financial Statements . IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors provides a basis for selecting and applying accounting policies in the absence of explicit guidance.
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IAS 10 A374 © IASCF Introduction IN1 International Accounting Standard 10 Events after the Reporting Period (IAS 10) * replaces IAS 10
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This note was uploaded on 02/26/2011 for the course ACCOUNTING 310 taught by Professor Cruz during the Spring '11 term at Xavier - Ateneo de Cagayan.

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ias10 - IAS 10 International Accounting Standard 10 Events...

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