1) To facilitate a clear understanding of the differences between adjusting and non-adjusting events; and

2) To enable participants to apply FRS 10 appropriately for events arising after the balance sheet date.

To ensure that participants are able to:

• Understand the definition of terms under FRS 10
• Differentiate between adjusting and non-adjusting events
• Analyze after balance sheet date events to determine if they require accounting adjustments or disclosures
• Understand the concepts that underlie the requirements of FRS 10
• Know the requirements relating to dividend declaration after balance sheet date
• Determine possible indicators that threaten the going concern of the company and evaluate whether there is a need to prepare financial statements as a going concern
• Apply the requirements for disclosure in accordance to FRS 10 on non-adjusting events after the balance sheet date
• Know the significance of the date of authorization for issue 

Programme Outline 

• Scope and objective of FRS 10
• Definitions
• Recognition and disclosures 

              – Identifying “adjusting” and “non-adjusting” events

              – Identifying date of authorization for issue

              – Recognition and disclosure requirements

              – Underlying principles and rationale

              – Dividends

              – Updating disclosures

• Special issues relating to going concern

Intended For

A Foundation to Intermediate level programme intended for both Practising and Non-Practising Accountants.

Training Methodology

Lecture style, with Exercises/Case Studies