About this Course

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

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