accountingpolicieschangesinaccountingestimatesanderrors(编辑修改稿)

accountingpolicieschangesinaccountingestimatesanderrors(编辑修改稿)内容摘要：

tions of facts, and fraud. 10 Continued • Material prior period errors should be corrected retrospectively – by restating the opening balances of assets, liabilities and equity as if the error had never occurred. – by restating the opening retained earnings in SOCIE – restating the parative information, as if the error had never occurred • The nature and amount of the correction should be disclosed in a note. 11 Exercises 2 Jun02 – note14, adjustments for retained earnings 3d Jun03 5 Dec07 2noteiv Jun08 4 Dec10 Example3, p181 12 IAS10 Events after the reporting period Syllabus C11h 13 Definition • The events which occur between the reporting date and the date on which the financial statements are authorised for issue by the board of directors. 14 Adjusting events • Those that provide additional evidence of conditions existing at the reporting date • The amounts in the financial statements should be adjusted. • Example – The resolution of court case which existed at the reporting date – The receipt of information indicating the impairment of assets which existed at the reporting date • Allowance for inventories and bad debts (receipts of accounts receivable or sale of inventory) • Bankruptcy of debtors 15 Adjusting events – Amounts received or receivable in respect of insurance claims which were being negotiated at the reporting date. – Discovery of fraud and error – The determination of the cost of assets purchased, or the proceeds from assets sold, before the reporting date – The determination of the amount of profit sharing or bon。