This free, guided checker walks your finance team through the key decision points for IAS 10 Events After the Reporting Period. Answer a few questions to see the likely treatment and the evidence to document.
Answer a few quick questions below. It is private - nothing is submitted or stored - and takes about a minute.
This tool is a high-level IFRS screening aid for general information only and is not accounting, audit or legal advice. Conclusions require entity-specific evidence and judgement - confirm the treatment with your advisor.
Here is what the checker asks and why each step matters. Prefer to talk it through? Contact us and we will help directly.
Fix the authorization date first: under IAS 10.4-5 it is when the statements are authorized for issue, not when shareholders later approve them or when a supervisory board ratifies them. The window covers all events up to that date, even those occurring after a public earnings announcement (IAS 10.6). A common trap is closing the event review at an internal sign-off date that precedes the actual authorization date.
No event falls within the IAS 10.3 window between the reporting date and authorization for issue, so no adjustment or event disclosure is required; still disclose the authorization date under IAS 10.17.
Official guidance: IFRS issued standards
Adjusting events confirm or amend amounts recognized at period end, such as court judgments on existing litigation or customer bankruptcy confirming a receivable impairment that existed at period end.
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Official guidance: IFRS issued standards
Adjusting events require recognition or measurement changes to assets, liabilities, provisions, or equity items that existed at the reporting date rather than disclosure alone.
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Official guidance: IFRS issued standards
Examples include recognizing a provision for a court judgment on existing litigation or adjusting inventory cost after the reporting date when the sale confirms net realizable value at period end.
Adjust the recognized amounts to reflect the condition that existed at the reporting date before authorization for issue, as required by IAS 10.8.
Official guidance: IFRS issued standards
Non-adjusting events reflect new conditions after period end, such as a major business combination announcement, natural disaster, or decline in fair value of investments after the reporting date.
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Official guidance: IFRS issued standards
Material non-adjusting events require disclosure of the nature and an estimate of the financial effect or a statement that a reasonable estimate cannot be made.
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Official guidance: IFRS issued standards
Dividends declared after the reporting period do not qualify as a liability at the reporting date and are disclosed in the notes rather than recognized as a liability in the period-end statements.
Disclose the dividend in the notes under IAS 10.13 and IAS 1.137 without recognizing a liability at the reporting date (IAS 10.12).
Official guidance: IFRS issued standards
Events after the reporting period are considered in the going concern assessment through the authorization date and may create or reduce material uncertainty about the entity's ability to continue as a going concern.
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Official guidance: IFRS issued standards
When material uncertainty remains after feasible mitigating actions, IAS 1.25 requires disclosure of the uncertainty and may require a change in basis of preparation if the entity is not a going concern.
Disclose the material uncertainty under IAS 1.25 and reassess the basis of preparation under IAS 10.14-15, coordinating the going concern note with the IAS 10.21 event disclosure.
Official guidance: IFRS issued standards
Disclosures include the nature of the event and an estimate of its financial effect or a statement that a reasonable estimate cannot be made, plus cross-reference to going concern disclosures where linked.
Finalize the IAS 10.21 nature and financial-effect disclosures, plus the IAS 10.17 authorization-date disclosure, before authorization for issue. Draft the IAS 10.21 disclosure of the nature and estimated financial effect of each material non-adjusting event before authorization.
Official guidance: IFRS issued standards
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