Which even after the end of reporting period would generally require disclosure?
Key statements of financial position sheet items and related disclosures that have been impacted by COVID-19 were as follows: Show
Trading assets, trading liabilities and financial investments Derivative
assets and liabilities Held for sale assets and liabilities Loan assets, due from subsidiaries and other assets Property, plant and equipment and right-of-use assets Interest
in associates and joint ventures, investments in subsidiaries and interests in unconsolidated structured entities Intangible assets Debt issued and loan capital Hedge accounting Risk management What event comes after the reporting period?Events after the reporting period are those events, favourable and unfavourable, that occur between the end of the reporting period and the date when the financial statements are authorised for issue.
Which subsequent event would generally require disclosure in the financial statements?Generally, disclosure should be made of those events during the subsequent events period that do not relate to conditions that existed at the date of the financial statements but cause significant changes to assets or liabilities in the subsequent period and either will, or may, have a significant effect on the future ...
When after the end of the reporting period an even occurs that is indicative of conditions that arose after the end of the reporting period?Non-adjusting event is an event after the reporting period that indicates conditions arising after the end of the reporting period. Accounting treatment: do not adjust financial statements for non-adjusting events. The following disclosure shall be made: The nature of the event, and.
What subsequent events require disclosure?Examples of events of the second type that require disclosure to the financial statements (but should not result in adjustment) are: Sale of a bond or capital stock issue. Purchase of a business. Settlement of litigation when the event giving rise to the claim took place subsequent to the balance-sheet date.
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