Events after the reporting period
Events after the reporting period are things that happen between the balance-sheet date and the date the accounts are signed off; adjusting events change the figures, non-adjusting events are only disclosed.
FrameworkIAS 10
See it move
Loading infographic...
A company's reporting date is 31 December and its accounts are authorised on 15 March. On 20 January a customer's insolvency confirms a condition already true at year end, an adjusting event that writes a €45,000 receivable down by €40,000. On 10 February a €120,000 warehouse fire is a fresh event, so it is only disclosed, not adjusted.
Where it fits
SubjectFinancial AccountingAdvancedTopicThe Financial StatementsAdvancedTopicAccrual Accounting & RecognitionAdvanced