Disclosures of events after the reporting period

Abstract

In order to fulfil the requirements of IAS 10 „Events after the Reporting Period” it is necessary to:  Fix the exact date of presentation and authorization of financial statements by the accounting policy  Determine materiality threshold by the accounting policy  Evaluate the main assumptions of financial statements – Going concern, whereas if an entity cannot continue continuous operation, financial statements are not prepared on the going concern assumption  Sharply separate adjusting and non-adjusting events and reflect accordingly in the financial statements