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Contents

32.1 Scope.

32.2 Events after the end of the reporting period defined.

32.2.1 Extract from FRS102: Section 32.2- 32.3.

32.2.2 OmniPro comment

32.3 Recognition and measurement – Adjusting events after the end of the reporting period.

32.3.1 Extract from FRS102: Section 32.4-32.5.

32.3.2 OmniPro comment

32.3.2.1 Overview.

32.3.2.2 Examples of adjusting post balance sheet events.

32.3.2.2.1 Further worked examples of adjusting post balance sheet events.

32.4 Recognition and measurement – Non-adjusting events after the end of the reporting period.

32.4.1 Extract from FRS102: Section 32.6-32.7.

32.4.2 OmniPro comment

32.4.2.1 Analysis.

32.4.2.2 Example of non-adjusting post balance sheet date events.

32.5 Going concern.

32.5.1 Extract from FRS102: Section 32.7-32.7B.

32.5.2 OmniPro comment

32.6 Dividends.

32.6.1 Extract from FRS102: Section 32.8.

32.6.2 OmniPro comment

32.7 Disclosure.

32.7.1 Extract from FRS102: Section 32.9.

32.7.2 OmniPro comment

32.8 Adjusting events after the end of the reporting period.

32.9 Non-adjusting events after the end of the reporting period.

32.9.1 Extract from FRS102: Section 32.10.

32.9.2 OmniPro comment

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32.1 Scope

Section 32 defines events after the end of the reporting period and sets out principles for recognising, measuring and disclosing those events

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Example 1: Application.

Example 2: Recoverability of trade debtor balances.

Example 3: Indicators of impairment of PPE/land etc.

Example 4: Profit on sale of plant after year end following decision to close.

Example 5: Closing office and relocating.

Example 6: Other than Going concern disclosure.

Example 7: Extract for the approval of the financial statements.

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