PAS 10 - PAS10 PAS10 EVENTSAFTERTHE BALANCESHEETDATE...

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PAS 10 PAS 10 EVENTS AFTER THE  EVENTS AFTER THE  BALANCE SHEET DATE BALANCE SHEET DATE
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MODULE OBJECTIVES MODULE OBJECTIVES OBJECTIVE of the PAS 10 OBJECTIVE of the PAS 10 DEFINITION of Events after the balance sheet date DEFINITION of Events after the balance sheet date TYPES; ACCOUNTING TREATMENT; EXAMPLES TYPES; ACCOUNTING TREATMENT; EXAMPLES Other matters  Other matters 
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SCOPE PAS 10 applies in the accounting for, and disclosure of, events after the balance sheet date.
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EVENTS AFTER BS DATE DEFINED Events, favorable and unfavorable, that occur between the balance sheet date and the date when the financial statements are aut . 12/31/07 4/5/08
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DATE WHEN FS ARE AUTHORIZED FOR ISSUANCE This is the date when the management of the enterprise authorizes the issuance of the financial statements.
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TYPES OF EVENTS AFTER THE BS DATE ADJUSTING EVENTS - Provide confirmation of conditions that existed at the balance sheet date. NON-ADJUSTING EVENTS - Indicative of conditions that arose after the balance sheet date.
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ADJUSTING EVENTS Required Adjustments on the Face of the Financial Statements Adjust the amounts of certain accounts; Reclassify a financial statement account; Recognize a financial statement account that is not previously recognized; or Derecognize an account that was previously recognized.
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PAS 10 - PAS10 PAS10 EVENTSAFTERTHE BALANCESHEETDATE...

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