Ask a Question

If a company made a decesion to decrease share capital on january 17, is this an adjusting event (IAS 10)?

in IAS 10 - Events After the Reporting Period by
A company made a decesion to decrease share capital (due tu accumulated loss) on January 17. Should this be treated as an adjusting event in accordance with IAS 10?

Please log in or register to answer this question.

1 Answer

0 like 0 dislike
by Level 2 Member (4.6k points)
 
Best answer
No it should not be an adjusting event unless the management has decided to cease the operations or liquidate the company. Only disclosure will be sufficient.
by

Thank you very much smiley

Related questions

Welcome to AccountantAnswer Forum, where you can ask questions and receive answers on Accounting-related questions.

Get AccountantAnswer App

Categories

Snow Theme by Q2A Market
Powered by Question2Answer


...