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 Which of the following subsequent events events after the reporting date would require adjustment of the accounts before issuance of the financial statements?Which of the following material events occurring subsequent to the balance sheet date would require an adjustment to the financial statements before they could be issued? Settlement of litigation, in excess of the previously recorded liability.
Which event after the reporting period would require adjustment quizlet?Which of the following events after the reporting period would require adjustment in an entity's financial statements? Bankruptcy of a customer, which occurs after the end of the reporting period and before the issuance of the statements, resulting in the loss of a trade receivable account.
Which of the following is an example of a nonExamples of non-adjusting events that would generally result in disclosure include: management's plans to deal with the effects of the COVID-19 outbreak and whether there is material uncertainty over the entity's ability to continue as a going concern.
What are subsequent events after the reporting period?What is a Subsequent Event? A subsequent event is an event that occurs after a reporting period, but before the financial statements for that period have been issued or are available to be issued. Depending on the situation, such events may or may not require disclosure in an organization's financial statements.
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