How to make adjustments if there is a mistake in the accounting record / if any event occurs after the reporting date?
Accounting Record-এ ভুল হলে/ Reporting Date-এর পরে কোন Event -এর উদ্ভব হলে Adjustments কীভাবে করবেন?
IAS 8 - Accounting Policies & Changes in Accounting Estimates and Errors ||
IAS 10 Events After the Reporting Period ||
IAS-8: Accounting Policies, Changes in Accounting Estimates and Errors is applied in selecting and applying accounting policies, accounting for changes in estimates and reflecting corrections of prior period errors. The standard requires compliance with any specific IFRS applying to a transaction, event or condition, and provides guidance on developing accounting policies for other items that result in relevant and reliable information. Changes in accounting policies and corrections of errors are generally retrospectively accounted for, whereas changes in accounting estimates are generally accounted for on a prospective basis. IAS 8 was reissued in December 2005 and applies to annual periods beginning on or after 1 January 2005.
International Accounting Standard 10 Events after the Reporting Period or IAS 10 is an international financial reporting standard adopted by the International Accounting Standards Board (IASB). It contains requirements for when events between the end of the reporting period and the date on which the financial statements are authorized for issue should be reflected in the financial statements.
The principal factor for determining if an event is an adjusting event-and hence requiring adjustment in the financial statements-is whether the event provided evidence of conditions existing at the end of the reporting period. Non-adjusting events need also be disclosed where material.
IAS 10 (titled Events After the Balance Sheet Date) was issued in May 1999 by the International Accounting Standards Committee, the predecessor to the IASB. It was reissued by the IASB in December 2003 and retitled Events After the Reporting Period in September 2007 as a consequential amendment resulting from revisions to IAS 1 Presentation of Financial Statements.
20 сен 2024
